Sequoia Financial Advisors LLC Grows Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sequoia Financial Advisors LLC increased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.4% in the third quarter, Holdings Channel reports. The fund owned 8,700 shares of the consumer goods maker’s stock after purchasing an additional 525 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $577,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital International Investors lifted its stake in Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock worth $131,504,000 after acquiring an additional 38,747 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 36.8% during the first quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock valued at $125,389,000 after buying an additional 555,362 shares during the last quarter. Seafarer Capital Partners LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 20.2% during the first quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock valued at $57,863,000 after buying an additional 160,000 shares during the last quarter. Armistice Capital LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 19.5% during the second quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after buying an additional 137,000 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Anheuser-Busch InBev SA/NV by 33.7% during the second quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock valued at $42,244,000 after acquiring an additional 183,301 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 1.1 %

BUD opened at $63.90 on Friday. The firm has a market cap of $114.84 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 52 week low of $52.74 and a 52 week high of $67.49. The business’s 50 day moving average is $63.84 and its two-hundred day moving average is $62.02. 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 released its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, research analysts predict that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley upped their price objective 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. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price objective for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. 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. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

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.