Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 25.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,890 shares of the consumer goods maker’s stock after selling 23,565 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Addison Advisors LLC raised its stake in shares of 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 worth $34,000 after purchasing an additional 168 shares during the last quarter. Westside Investment Management Inc. lifted its stake in 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 valued at $80,000 after acquiring an additional 181 shares during the period. 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 acquiring an additional 185 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 1.8% during the first 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 last quarter. Finally, CHICAGO TRUST Co NA lifted its position in Anheuser-Busch InBev SA/NV by 1.9% during the first quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock valued at $643,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $66.28 on Friday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two 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 stock’s fifty day moving average is $62.48 and its two-hundred day moving average is $61.48. The firm has a market capitalization of $119.12 billion, a P/E ratio of 27.85, a PEG ratio of 1.77 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. During the same period in the previous year, the business posted $0.72 earnings per share. Research analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BUD has been the subject of a number of recent research reports. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday. 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, Morgan Stanley upped their target price 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

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.