AlphaCore Capital LLC Buys 10,595 Shares of Anheuser-Busch InBev SA/NV $BUD

AlphaCore Capital LLC raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 277.2% in the third quarter, Holdings Channel reports. The institutional investor owned 14,417 shares of the consumer goods maker’s stock after buying an additional 10,595 shares during the quarter. AlphaCore Capital LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $859,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Anheuser-Busch InBev SA/NV by 23.7% during the second quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock valued at $229,831,000 after acquiring an additional 641,158 shares in the last quarter. Holocene Advisors LP purchased a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $33,999,000. Fisher Asset Management LLC increased its stake in Anheuser-Busch InBev SA/NV by 4.5% during the 2nd quarter. Fisher Asset Management LLC now owns 10,663,933 shares of the consumer goods maker’s stock valued at $732,826,000 after purchasing an additional 454,621 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after buying an additional 265,783 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter worth approximately $17,932,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 1.9%

Shares of BUD stock opened at $80.97 on Friday. The company has a market capitalization of $157.93 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 1.35 and a beta of 0.55. Anheuser-Busch InBev SA/NV has a one year low of $56.97 and a one year high of $81.56. The company’s fifty day moving average price is $71.13 and its 200-day moving average price is $64.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $15.48 billion. During the same quarter in the prior year, the business posted $0.88 EPS. Anheuser-Busch InBev SA/NV’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 20th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 12th. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, February 16th. Finally, Wells Fargo & Company lifted their price target on shares of Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.00.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.