Assetmark Inc. Has $3.59 Million Stock Position in Anheuser-Busch InBev SA/NV $BUD

Assetmark Inc. lessened its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,804 shares of the consumer goods maker’s stock after selling 12,871 shares during the quarter. Assetmark Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BUD. Balanced Rock Investment Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 1.4% in the 4th quarter. Balanced Rock Investment Advisors LLC now owns 9,185 shares of the consumer goods maker’s stock valued at $588,000 after acquiring an additional 130 shares in the last quarter. Persium Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 1.4% during the 1st quarter. Persium Advisors LLC now owns 10,890 shares of the consumer goods maker’s stock worth $755,000 after purchasing an additional 152 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Anheuser-Busch InBev SA/NV by 19.0% in the first quarter. Fifth Third Bancorp now owns 1,029 shares of the consumer goods maker’s stock worth $71,000 after purchasing an additional 164 shares during the period. Brucke Financial Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 2.9% in the fourth quarter. Brucke Financial Inc. now owns 6,235 shares of the consumer goods maker’s stock worth $399,000 after purchasing an additional 178 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Anheuser-Busch InBev SA/NV by 0.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 46,080 shares of the consumer goods maker’s stock worth $2,747,000 after purchasing an additional 189 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BUD. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Morgan Stanley decreased their price objective on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.08.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE:BUD opened at $83.19 on Thursday. The company has a market cap of $162.25 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 1.37 and a beta of 0.59. 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 50 day simple moving average of $81.31 and a 200 day simple moving average of $76.08. Anheuser-Busch InBev SA/NV has a one year low of $56.97 and a one year high of $85.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share for the quarter. The firm had revenue of $15.27 billion for the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 16.34%. Research analysts predict that Anheuser-Busch InBev SA/NV will post 4.31 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.