Envestnet Asset Management Inc. Has $35.56 Million Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Envestnet Asset Management Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 611,578 shares of the consumer goods maker’s stock after purchasing an additional 56,422 shares during the period. Envestnet Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $35,563,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on BUD shares. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. 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 research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

Anheuser-Busch InBev SA/NV Trading Down 1.0 %

Shares of Anheuser-Busch InBev SA/NV stock opened at $63.14 on Friday. 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 firm has a 50-day moving average of $61.65 and a 200-day moving average of $61.27. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $67.49. The stock has a market cap of $113.48 billion, a PE ratio of 26.53, a PEG ratio of 1.81 and a beta of 1.09.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted 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 net margin of 9.89% and a return on equity of 14.77%. The firm had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.41 EPS 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.