3,594 Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD) Acquired by Optas LLC

Optas LLC bought a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,594 shares of the consumer goods maker’s stock, valued at approximately $238,000.

Several other hedge funds have also modified their holdings of BUD. Lake Street Advisors Group LLC lifted its position in Anheuser-Busch InBev SA/NV by 9.0% during the third quarter. Lake Street Advisors Group LLC now owns 10,969 shares of the consumer goods maker’s stock valued at $727,000 after buying an additional 902 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $154,640,000. Sterling Investment Counsel LLC acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $205,000. Greenleaf Trust lifted its position in Anheuser-Busch InBev SA/NV by 90.8% during the third quarter. Greenleaf Trust now owns 9,752 shares of the consumer goods maker’s stock valued at $646,000 after buying an additional 4,641 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in Anheuser-Busch InBev SA/NV by 18.4% during the third quarter. Private Advisor Group LLC now owns 13,039 shares of the consumer goods maker’s stock valued at $864,000 after buying an additional 2,028 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Down 0.1 %

Shares of NYSE:BUD opened at $59.30 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $63.94 and a 200 day simple moving average of $62.17. The firm has a market cap of $106.57 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 12-month low of $57.09 and a 12-month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 11.47%. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BUD has been the topic of a number of recent research reports. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley lifted their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.00.

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.