Envestnet Portfolio Solutions Inc. Grows Position in Anheuser-Busch InBev SA/NV $BUD

Envestnet Portfolio Solutions Inc. lifted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 24.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,844 shares of the consumer goods maker’s stock after buying an additional 944 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $333,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $49,000. Reyes Financial Architecture Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter worth $59,000. Larson Financial Group LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 65.1% in the first quarter. Larson Financial Group LLC now owns 964 shares of the consumer goods maker’s stock worth $59,000 after buying an additional 380 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Anheuser-Busch InBev SA/NV in the second quarter worth $72,000. Finally, GAMMA Investing LLC increased its position in Anheuser-Busch InBev SA/NV by 27.0% in the first quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker’s stock worth $71,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BUD. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 10th. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 10th. Kepler Capital Markets cut shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Finally, Morningstar upgraded shares of Anheuser-Busch InBev SA/NV to a “buy” rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Trading Down 0.4%

BUD stock opened at $61.55 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The stock has a market capitalization of $120.19 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The firm’s fifty day simple moving average is $60.44 and its two-hundred day simple moving average is $64.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $0.90 EPS. Anheuser-Busch InBev SA/NV’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current 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.