Wells Fargo & Company MN Has $41.29 Million Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Wells Fargo & Company MN lowered its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 824,726 shares of the consumer goods maker's stock after selling 15,495 shares during the period. Wells Fargo & Company MN's holdings in Anheuser-Busch InBev SA/NV were worth $41,294,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BUD. Artisan Partners Limited Partnership bought a new position in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $56,849,000. Raymond James Financial Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $37,311,000. Alberta Investment Management Corp bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth $28,540,000. Penn Davis Mcfarland Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 34.0% in the 4th quarter. Penn Davis Mcfarland Inc. now owns 467,519 shares of the consumer goods maker's stock valued at $23,409,000 after purchasing an additional 118,686 shares in the last quarter. Finally, OLD Mission Capital LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 45.6% in the 4th quarter. OLD Mission Capital LLC now owns 345,049 shares of the consumer goods maker's stock valued at $17,277,000 after purchasing an additional 108,146 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Trading Up 1.2 %

NYSE BUD traded up $0.77 on Monday, hitting $63.29. The company's stock had a trading volume of 1,230,056 shares, compared to its average volume of 1,850,738. The firm has a market cap of $113.74 billion, a PE ratio of 19.53, a PEG ratio of 1.73 and a beta of 0.80. The company's 50-day moving average is $58.81 and its 200 day moving average is $56.58. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49.

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Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective for the company in a research report on Thursday, March 27th. Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, TD Cowen lowered their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Company 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.