Naviter Wealth LLC Sells 2,440 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Naviter Wealth LLC reduced its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,861 shares of the consumer goods maker’s stock after selling 2,440 shares during the quarter. Naviter Wealth LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $994,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BUD. Charles Schwab Investment Management Inc. raised its stake in Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock worth $3,836,000 after buying an additional 15,837 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $28,540,000. Fisher Asset Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after acquiring an additional 587,329 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 15.8% in the 4th quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock valued at $171,000 after purchasing an additional 464 shares during the period. Finally, B&D White Capital Company LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $290,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 1.1 %

BUD stock opened at $63.11 on Friday. The business has a 50 day moving average of $51.69 and a 200 day moving average of $56.81. The firm has a market cap of $113.41 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. 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 results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. On average, research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen decreased their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $64.00.

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.