Valeo Financial Advisors LLC Buys New Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Valeo Financial Advisors LLC purchased a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,039 shares of the consumer goods maker’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Perpetual Ltd increased its holdings in shares of Anheuser-Busch InBev SA/NV by 10.5% in the third quarter. Perpetual Ltd now owns 152,567 shares of the consumer goods maker’s stock worth $10,114,000 after purchasing an additional 14,532 shares during the last quarter. CWM LLC increased its stake in Anheuser-Busch InBev SA/NV by 12.6% in the 3rd quarter. CWM LLC now owns 5,846 shares of the consumer goods maker’s stock worth $388,000 after acquiring an additional 654 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $66,000. SL Advisors LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $155,000. Finally, Atomi Financial Group Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 34.7% in the third quarter. Atomi Financial Group Inc. now owns 14,422 shares of the consumer goods maker’s stock valued at $956,000 after purchasing an additional 3,717 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $65.43 on Wednesday. The stock has a 50 day moving average price of $63.14 and a 200 day moving average price of $61.77. Anheuser-Busch InBev SA/NV has a 52-week low of $52.36 and a 52-week high of $67.49. 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 capitalization of $117.59 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.77 and a beta of 1.10.

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, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $15.33 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.72 earnings per share. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on BUD shares. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley lifted their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price objective for the stock 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 note on Monday, June 24th. Finally, Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.