28,938 Shares in Anheuser-Busch InBev SA/NV $BUD Bought by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC purchased 28,938 shares of Anheuser-Busch InBev SA/NV valued at approximately $1,989,000 in Q2, indicating growing institutional interest in the company.
• Anheuser-Busch InBev SA/NV received multiple "buy" ratings from analysts, with a consensus target price of $71.00 and a total of 12 buy ratings assigned by equity research analysts.
• The company reported earnings of $0.98 per share in its last quarterly results, which surpassed analysts' expectations, despite a year-over-year revenue decline of 2.1%.

Park Avenue Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,938 shares of the consumer goods maker's stock, valued at approximately $1,989,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. grew its holdings in Anheuser-Busch InBev SA/NV by 2.3% in the 1st quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock valued at $473,000 after buying an additional 174 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 1.1% in the first quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker's stock worth $1,046,000 after acquiring an additional 179 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 23.5% in the first quarter. Laurel Wealth Advisors LLC now owns 1,050 shares of the consumer goods maker's stock worth $65,000 after acquiring an additional 200 shares during the last quarter. UMB Bank n.a. increased its position in Anheuser-Busch InBev SA/NV by 14.4% during the second quarter. UMB Bank n.a. now owns 1,719 shares of the consumer goods maker's stock worth $118,000 after acquiring an additional 217 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in Anheuser-Busch InBev SA/NV by 3.5% during the 1st quarter. 1832 Asset Management L.P. now owns 7,131 shares of the consumer goods maker's stock valued at $439,000 after purchasing an additional 241 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BUD has been the topic of several research analyst reports. Royal Bank Of Canada restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, September 17th. Morningstar raised Anheuser-Busch InBev SA/NV to a "buy" rating in a research report on Thursday, September 18th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, September 15th. Berenberg Bank reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $71.00.

Anheuser-Busch InBev SA/NV Trading Up 0.7%

Shares of BUD opened at $59.49 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The stock has a market cap of $116.16 billion, a PE ratio of 16.71, a PEG ratio of 1.67 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The stock has a 50 day simple moving average of $62.05 and a 200-day simple moving average of $64.88.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.21% and a net margin of 12.16%.During the same period in the previous year, the business earned $0.90 EPS. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.

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