Ritholtz Wealth Management Increases Holdings in Anheuser-Busch InBev SA/NV $BUD

Ritholtz Wealth Management boosted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 227.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,366 shares of the consumer goods maker’s stock after buying an additional 7,891 shares during the period. Ritholtz Wealth Management’s holdings in Anheuser-Busch InBev SA/NV were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC grew its position in Anheuser-Busch InBev SA/NV by 11.1% during the 1st quarter. Evolve Private Wealth LLC now owns 4,421 shares of the consumer goods maker’s stock worth $307,000 after purchasing an additional 440 shares during the period. Founders Financial Securities LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 6.9% in the 1st quarter. Founders Financial Securities LLC now owns 19,472 shares of the consumer goods maker’s stock valued at $1,464,000 after buying an additional 1,251 shares during the period. Purpose Unlimited Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $162,000. Rockefeller Capital Management L.P. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 42.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,881 shares of the consumer goods maker’s stock worth $441,000 after buying an additional 2,051 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 18.5% in the fourth quarter. Corient Private Wealth LLC now owns 17,126 shares of the consumer goods maker’s stock worth $1,099,000 after buying an additional 2,675 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BUD has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, June 5th. Finally, SBG Securities cut shares of Anheuser-Busch InBev SA/NV to a “hold” rating in a research note on Monday, March 2nd. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus target price of $91.94.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $83.86 on Tuesday. The firm has a market cap of $163.57 billion, a PE ratio of 22.91, a P/E/G ratio of 1.38 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a twelve month low of $56.97 and a twelve month high of $85.56. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $79.92 and a 200 day moving average price of $74.11.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%.The company had revenue of $15.27 billion for the quarter. Sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 4.32 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

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.