Anheuser-Busch InBev SA/NV $BUD Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,109 shares of the consumer goods maker’s stock after purchasing an additional 687 shares during the period. Concurrent Investment Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $489,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Apollon Wealth Management LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 27.8% during the second quarter. Apollon Wealth Management LLC now owns 4,839 shares of the consumer goods maker’s stock worth $333,000 after purchasing an additional 1,053 shares in the last quarter. Lester Murray Antman dba SimplyRich acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter worth about $233,000. Trust Co. of Toledo NA OH purchased a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $72,000. Blue Trust Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 26.4% during the second quarter. Blue Trust Inc. now owns 1,800 shares of the consumer goods maker’s stock valued at $124,000 after acquiring an additional 376 shares during the last quarter. Finally, Callan Family Office LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 244.9% during the second quarter. Callan Family Office LLC now owns 93,526 shares of the consumer goods maker’s stock valued at $6,427,000 after acquiring an additional 66,413 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 10th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $62.18 on Friday. The company’s 50-day moving average is $60.39 and its two-hundred day moving average is $64.61. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The firm has a market capitalization of $121.41 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.77 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. During the same quarter last year, the firm posted $0.90 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current 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.