Avantax Advisory Services Inc. Has $1.07 Million Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Avantax Advisory Services Inc. trimmed its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,394 shares of the consumer goods maker’s stock after selling 8,007 shares during the period. Avantax Advisory Services Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,071,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BUD. Legacy Investment Solutions LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth $27,000. R Squared Ltd bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $30,000. Whipplewood Advisors LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $36,000. Empowered Funds LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $49,000. Finally, Brooklyn Investment Group bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $50,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. TD Cowen reduced their price objective on shares of 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. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Buy” and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Trading Down 0.7 %

Shares of BUD stock opened at $63.09 on Thursday. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. The company has a market capitalization of $113.39 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.73 and a beta of 0.96. The firm has a 50-day moving average price of $53.80 and a 200 day moving average price of $56.88. 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 announced its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. Research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.