Sanctuary Advisors LLC Buys New Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sanctuary Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 85,683 shares of the consumer goods maker’s stock, valued at approximately $5,142,000.

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

Analyst Upgrades and Downgrades

Several research firms have commented on BUD. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday. Morgan Stanley increased 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 report on Tuesday, September 10th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.25.

Anheuser-Busch InBev SA/NV Stock Up 0.2 %

Shares of NYSE BUD opened at $66.39 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company has a market cap of $119.31 billion, a P/E ratio of 27.89, a PEG ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $67.49. The firm has a 50-day simple moving average of $62.58 and a two-hundred day simple moving average of $61.52.

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 (EPS) for the quarter, topping 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 the consensus estimate of $15.21 billion. During the same quarter last year, the firm earned $0.72 earnings per share. Research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current year.

Anheuser-Busch InBev SA/NV Company 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.