Sequoia Financial Advisors LLC Increases Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sequoia Financial Advisors LLC boosted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,629 shares of the consumer goods maker’s stock after acquiring an additional 391 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BUD. Householder Group Estate & Retirement Specialist LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $26,000. GPS Wealth Strategies Group LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 448.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 603 shares of the consumer goods maker’s stock valued at $33,000 after acquiring an additional 493 shares during the period. Sunbelt Securities Inc. raised its position in Anheuser-Busch InBev SA/NV by 491.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 603 shares of the consumer goods maker’s stock valued at $34,000 after purchasing an additional 501 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in Anheuser-Busch InBev SA/NV by 125.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 629 shares of the consumer goods maker’s stock valued at $35,000 after purchasing an additional 350 shares in the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BUD. TD Cowen cut their price target on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Jefferies Financial Group upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $76.00 in a research note on Wednesday, January 10th. Finally, BNP Paribas downgraded Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research note on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and an average price target of $71.70.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $57.13 on Wednesday. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $66.56. The stock has a market cap of $99.25 billion, a PE ratio of 21.56, a P/E/G ratio of 1.77 and a beta of 1.13. The stock has a fifty day moving average price of $61.41 and a 200 day moving average price of $60.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The company had revenue of $14.47 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal 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.