Envestnet Asset Management Inc. Purchases 56,422 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Envestnet Asset Management Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 611,578 shares of the consumer goods maker’s stock after buying an additional 56,422 shares during the period. Envestnet Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $35,563,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after acquiring an additional 378 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares in the last quarter. Addison Advisors LLC grew its position 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 acquiring an additional 168 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at approximately $35,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Anheuser-Busch InBev SA/NV by 116.5% during the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock worth $42,000 after buying an additional 346 shares during the last quarter. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $63.14 on Friday. The company has a market capitalization of $113.48 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.81 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. The stock has a fifty day simple moving average of $61.65 and a 200 day simple moving average of $61.27. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data 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 company had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. During the same period last year, the company earned $0.72 earnings per share. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BUD shares. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Morgan Stanley lifted their price target on 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.25.

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.