Anheuser-Busch InBev SA/NV $BUD Stake Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 88.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,731 shares of the consumer goods maker’s stock after purchasing an additional 20,059 shares during the period. Janney Montgomery Scott LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $2,964,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Caldwell Trust Co bought a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $889,000. GHP Investment Advisors Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $32,000. SmartHarvest Portfolios LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $242,000. Aaron Wealth Advisors LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 27.3% during the first quarter. Aaron Wealth Advisors LLC now owns 12,153 shares of the consumer goods maker’s stock valued at $843,000 after purchasing an additional 2,606 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of Anheuser-Busch InBev SA/NV by 227.1% during the first quarter. Ritholtz Wealth Management now owns 11,366 shares of the consumer goods maker’s stock valued at $788,000 after purchasing an additional 7,891 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $79.71 on Wednesday. The company has a 50 day simple moving average of $80.80 and a 200-day simple moving average of $74.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. The firm has a market capitalization of $155.47 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a 52-week low of $56.97 and a 52-week high of $85.56.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Anheuser-Busch InBev SA/NV from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 1st. Barclays restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Wells Fargo & Company lifted their price target on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley cut their price objective on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus price target of $90.08.

Anheuser-Busch InBev SA/NV Company 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.