Caldwell Trust Co Takes $889,000 Position in Anheuser-Busch InBev SA/NV $BUD

Caldwell Trust Co purchased a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 12,811 shares of the consumer goods maker’s stock, valued at approximately $889,000.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $32,000. SmartHarvest Portfolios LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the first quarter valued at about $242,000. Aaron Wealth Advisors LLC lifted its stake in 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 buying an additional 2,606 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 227.1% in the first quarter. Ritholtz Wealth Management now owns 11,366 shares of the consumer goods maker’s stock worth $788,000 after buying an additional 7,891 shares during the period. Finally, Evolve Private Wealth LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 11.1% in the first quarter. Evolve Private Wealth LLC now owns 4,421 shares of the consumer goods maker’s stock worth $307,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, June 1st. JPMorgan Chase & Co. lifted their price objective on shares of 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. Barclays reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. Finally, TD Cowen increased their target price on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a “hold” rating in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average price target of $91.94.

Anheuser-Busch InBev SA/NV Trading Up 0.1%

NYSE:BUD opened at $85.19 on Monday. 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 has a fifty-two week low of $56.97 and a fifty-two week high of $85.56. The stock’s 50-day moving average is $79.75 and its two-hundred day moving average is $73.95. The stock has a market cap of $166.15 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59.

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

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.