Richardson Financial Services Inc. Sells 355 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Richardson Financial Services Inc. lowered its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,361 shares of the consumer goods maker’s stock after selling 355 shares during the quarter. Richardson Financial Services Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $602,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Addison Advisors LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after purchasing an additional 168 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $35,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $38,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley increased their price target on 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. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and an average target price of $73.25.

Anheuser-Busch InBev SA/NV Stock Down 1.3 %

BUD stock opened at $63.41 on Thursday. The firm has a market capitalization of $113.96 billion, a PE ratio of 26.64, a P/E/G ratio of 1.81 and a beta of 1.09. 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 twelve month low of $51.66 and a twelve month high of $67.49. The stock’s 50 day moving average is $61.57 and its 200-day moving average is $61.23.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The company had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 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.