Steward Partners Investment Advisory LLC Has $496,000 Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Steward Partners Investment Advisory LLC grew its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,916 shares of the consumer goods maker’s stock after purchasing an additional 2,127 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $26,000. Legacy Investment Solutions LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $36,000. Finally, Anchor Investment Management LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 120.6% in the third quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock valued at $51,000 after purchasing an additional 422 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD opened at $62.55 on Thursday. The company has a market cap of $112.41 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49. The company’s fifty day simple moving average is $52.44 and its 200 day simple moving average is $56.84. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The business had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. On average, research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BUD shares. TD Cowen lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $64.00.

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.