Charles Schwab Investment Management Inc. Has $2.11 Million Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,155 shares of the consumer goods maker’s stock after selling 15,715 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,111,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Thrivent Financial for Lutherans acquired a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter worth approximately $220,000. Cerity Partners LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 61.9% during the third quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock worth $4,048,000 after buying an additional 23,348 shares during the period. Bank of Montreal Can increased its position in shares of Anheuser-Busch InBev SA/NV by 4.2% during the third quarter. Bank of Montreal Can now owns 142,216 shares of the consumer goods maker’s stock worth $9,385,000 after buying an additional 5,681 shares during the period. D.A. Davidson & CO. raised its stake in Anheuser-Busch InBev SA/NV by 6.1% during the third quarter. D.A. Davidson & CO. now owns 55,845 shares of the consumer goods maker’s stock worth $3,702,000 after buying an additional 3,232 shares during the last quarter. Finally, FMR LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 7.0% in the third quarter. FMR LLC now owns 732,459 shares of the consumer goods maker’s stock valued at $48,555,000 after buying an additional 47,684 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Ratings Changes

BUD has been the topic of a number of recent analyst reports. Argus raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, TD Cowen dropped their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Price Performance

BUD opened at $62.01 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 market cap of $111.45 billion, a P/E ratio of 19.14, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The firm has a 50-day moving average of $55.90 and a 200 day moving average of $56.90.

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