Mercer Global Advisors Inc. ADV Boosts Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Mercer Global Advisors Inc. ADV lifted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 90.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,198 shares of the consumer goods maker’s stock after purchasing an additional 26,649 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Anheuser-Busch InBev SA/NV were worth $3,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aveo Capital Partners LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 10.6% during the 4th quarter. Aveo Capital Partners LLC now owns 5,549 shares of the consumer goods maker’s stock worth $359,000 after acquiring an additional 532 shares during the period. Janney Montgomery Scott LLC raised its stake in Anheuser-Busch InBev SA/NV by 7.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 31,032 shares of the consumer goods maker’s stock worth $2,005,000 after purchasing an additional 2,206 shares during the period. Wells Fargo & Company MN grew its stake in shares of Anheuser-Busch InBev SA/NV by 4.4% in the 4th quarter. Wells Fargo & Company MN now owns 873,977 shares of the consumer goods maker’s stock valued at $56,476,000 after buying an additional 37,084 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 18.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,866 shares of the consumer goods maker’s stock worth $767,000 after buying an additional 1,863 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 48.5% during the 4th quarter. Assetmark Inc. now owns 30,547 shares of the consumer goods maker’s stock valued at $1,974,000 after buying an additional 9,983 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

Anheuser-Busch InBev SA/NV Trading Down 1.1 %

Shares of NYSE BUD opened at $63.13 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $113.46 billion, a PE ratio of 26.53, a PEG ratio of 1.81 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $67.49. The stock has a fifty day simple moving average of $61.65 and a 200-day simple moving average of $61.28.

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

About Anheuser-Busch InBev SA/NV

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.