Everett Harris & Co. CA Boosts Holdings in Anheuser-Busch InBev SA/NV $BUD

Everett Harris & Co. CA lifted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,815 shares of the consumer goods maker’s stock after purchasing an additional 8,917 shares during the period. Everett Harris & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $15,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 3,800.0% in the 4th quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock worth $25,000 after acquiring an additional 380 shares in the last quarter. Leonteq Securities AG bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $48,000. Fifth Third Bancorp boosted its stake in Anheuser-Busch InBev SA/NV by 251.6% during the fourth quarter. Fifth Third Bancorp now owns 865 shares of the consumer goods maker’s stock worth $55,000 after acquiring an additional 619 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth about $53,000. Finally, Elyxium Wealth LLC bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $64,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 19th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and an average price target of $93.42.

Anheuser-Busch InBev SA/NV Stock Up 0.3%

BUD opened at $78.77 on Tuesday. Anheuser-Busch InBev SA/NV has a twelve month low of $56.97 and a twelve month high of $84.46. The stock has a market capitalization of $153.63 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.27 and a beta of 0.59. 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 firm has a 50 day moving average price of $77.02 and a 200-day moving average price of $71.91.

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