17,589 Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD) Bought by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC bought a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,589 shares of the consumer goods maker’s stock, valued at approximately $1,023,000.

Several other hedge funds have also recently bought and sold shares of BUD. Aveo Capital Partners LLC raised its stake in Anheuser-Busch InBev SA/NV by 10.6% during the fourth quarter. Aveo Capital Partners LLC now owns 5,549 shares of the consumer goods maker’s stock worth $359,000 after acquiring an additional 532 shares in the last quarter. Corient Private Wealth LLC raised its stake in Anheuser-Busch InBev SA/NV by 18.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,866 shares of the consumer goods maker’s stock worth $767,000 after acquiring an additional 1,863 shares in the last quarter. Franklin Resources Inc. raised its stake in Anheuser-Busch InBev SA/NV by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 19,139 shares of the consumer goods maker’s stock worth $1,237,000 after acquiring an additional 201 shares in the last quarter. Stifel Financial Corp raised its stake in Anheuser-Busch InBev SA/NV by 6.2% during the fourth quarter. Stifel Financial Corp now owns 148,098 shares of the consumer goods maker’s stock worth $9,570,000 after acquiring an additional 8,584 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Anheuser-Busch InBev SA/NV by 132,300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,324 shares of the consumer goods maker’s stock worth $86,000 after acquiring an additional 1,323 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BUD shares. Morgan Stanley increased their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD opened at $65.99 on Monday. The business has a fifty day moving average of $62.03 and a 200-day moving average of $61.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The firm has a market cap of $118.60 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The firm had revenue of $15.33 billion during the quarter, compared to analysts’ expectations of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same period in the previous year, the business posted $0.72 EPS. On average, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.41 EPS 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.