Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by My Legacy Advisors LLC

My Legacy Advisors LLC trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 18.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,095 shares of the consumer goods maker’s stock after selling 3,149 shares during the period. My Legacy Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BUD. GPS Wealth Strategies Group LLC boosted its position in Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. Blue Trust Inc. lifted its position in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares during the last quarter. Addison Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at approximately $35,000. Finally, Valley Wealth Managers Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth $38,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BUD shares. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Finally, Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD traded down $0.53 during mid-day trading on Tuesday, hitting $64.53. 317,448 shares of the company’s stock traded hands, compared to its average volume of 1,593,838. Anheuser-Busch InBev SA/NV has a 12 month low of $52.36 and a 12 month high of $67.49. The firm has a market capitalization of $115.97 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The firm has a 50 day moving average of $63.53 and a two-hundred day moving average of $61.91. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The business had revenue of $15.33 billion during the quarter, compared to analysts’ expectations of $15.21 billion. During the same quarter last year, the company earned $0.72 earnings per share. On average, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.