Global Retirement Partners LLC Has $653,000 Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Global Retirement Partners LLC lifted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 20.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,845 shares of the consumer goods maker’s stock after purchasing an additional 1,693 shares during the period. Global Retirement Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Addison Advisors LLC lifted its stake in Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares during the period. Westside Investment Management Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 15.1% during the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock worth $80,000 after acquiring an additional 181 shares during the period. GPS Wealth Strategies Group LLC grew its stake in shares of 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 worth $32,000 after acquiring an additional 185 shares during the period. Lake Street Advisors Group LLC boosted its stake in Anheuser-Busch InBev SA/NV by 1.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock worth $624,000 after purchasing an additional 186 shares during the period. Finally, CHICAGO TRUST Co NA boosted its stake in Anheuser-Busch InBev SA/NV by 1.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock worth $643,000 after purchasing an additional 196 shares during the period. 5.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price target for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. 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 note on Tuesday, September 10th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $66.04 on Monday. The stock has a market capitalization of $118.69 billion, a PE ratio of 27.75, a P/E/G ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 1-year low of $52.36 and a 1-year high of $67.49. The business has a 50 day simple moving average of $63.43 and a two-hundred day simple moving average of $61.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

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. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The firm had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. During the same period last year, the company earned $0.72 EPS. On average, research analysts predict that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current fiscal 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.