Global Retirement Partners LLC Acquires 1,693 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Global Retirement Partners LLC lifted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 20.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,845 shares of the consumer goods maker’s stock after buying an additional 1,693 shares during the period. Global Retirement Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC increased its stake in Anheuser-Busch InBev SA/NV by 8.0% during the first quarter. Ballentine Partners LLC now owns 6,002 shares of the consumer goods maker’s stock worth $365,000 after acquiring an additional 444 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth about $115,000. CHICAGO TRUST Co NA lifted its stake in Anheuser-Busch InBev SA/NV by 1.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock valued at $643,000 after buying an additional 196 shares in the last quarter. RMR Wealth Builders purchased a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $248,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $61,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD opened at $66.04 on Monday. The company has a market capitalization of $118.69 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 1.77 and a beta of 1.10. The firm’s 50 day simple moving average is $63.43 and its 200 day simple moving average is $61.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.36 and a fifty-two week high of $67.49.

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 company had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. During the same period last year, the company earned $0.72 earnings per share. As a group, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price objective for the stock from $68.00 to $88.00 in a research report on Tuesday, October 8th. Morgan Stanley raised their price target 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. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.00.

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.