EverSource Wealth Advisors LLC Acquires 1,786 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

EverSource Wealth Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 78.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,053 shares of the consumer goods maker’s stock after acquiring an additional 1,786 shares during the period. EverSource Wealth Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC raised its stake in 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 valued at $683,252,000 after acquiring an additional 587,329 shares during the period. Holocene Advisors LP raised its stake in Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after acquiring an additional 803,257 shares during the period. Douglass Winthrop Advisors LLC increased its position in Anheuser-Busch InBev SA/NV by 2.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock worth $85,294,000 after buying an additional 35,757 shares during the period. Raymond James Financial Inc. bought a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth $37,311,000. Finally, FMR LLC increased its position in Anheuser-Busch InBev SA/NV by 7.0% during the 3rd quarter. FMR LLC now owns 732,459 shares of the consumer goods maker’s stock worth $48,555,000 after buying an additional 47,684 shares during the period. Institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

BUD has been the topic of several recent research reports. TD Cowen lowered their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $62.40 on Monday. The firm has a market cap of $112.14 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-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 business’s fifty day moving average is $52.94 and its 200-day moving average is $56.81.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.