Raymond James & Associates Sells 13,270 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Raymond James & Associates lowered its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 713,200 shares of the consumer goods maker's stock after selling 13,270 shares during the period. Raymond James & Associates' holdings in Anheuser-Busch InBev SA/NV were worth $47,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BUD. Addison Advisors LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock worth $34,000 after buying an additional 168 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 15.1% during the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker's stock worth $80,000 after purchasing an additional 181 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock worth $32,000 after purchasing an additional 185 shares during the period. Lake Street Advisors Group LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker's stock worth $624,000 after purchasing an additional 186 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Anheuser-Busch InBev SA/NV by 20.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker's stock valued at $67,000 after purchasing an additional 197 shares during the period. Institutional investors own 5.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BUD. Barclays upgraded Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday, October 9th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a report on Tuesday, October 1st. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Monday, September 30th. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and boosted their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $64.65 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The company has a 50 day simple moving average of $63.61 and a two-hundred day simple moving average of $61.95. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.36 and a fifty-two week high of $67.49. The company has a market capitalization of $116.19 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.77 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The business had revenue of $15.33 billion during the quarter, compared to analysts' expectations of $15.21 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.