Cetera Investment Advisers Raises Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Cetera Investment Advisers increased its holdings in Anheuser-Busch InBev SA/NV by 29.5%, acquiring an additional 17,419 shares and bringing its total ownership to 76,529 shares valued at approximately $4.71 million.
• Anheuser-Busch InBev SA/NV reported a quarterly earnings per share (EPS) of $0.98, surpassing analysts' expectations of $0.94, although its quarterly revenue declined by 2.1% year-over-year.
• Wall Street analysts have a consensus rating of "Buy" for Anheuser-Busch InBev SA/NV, with an average price target of $71.50, reflecting diverse perspectives on the stock's future performance.

Cetera Investment Advisers grew its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 29.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 76,529 shares of the consumer goods maker's stock after acquiring an additional 17,419 shares during the period. Cetera Investment Advisers' holdings in Anheuser-Busch InBev SA/NV were worth $4,711,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dodge & Cox boosted its position in Anheuser-Busch InBev SA/NV by 27.7% during the fourth quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker's stock worth $2,002,641,000 after acquiring an additional 8,670,940 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Anheuser-Busch InBev SA/NV by 7.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker's stock worth $379,004,000 after buying an additional 505,206 shares during the last quarter. Capital International Investors raised its stake in Anheuser-Busch InBev SA/NV by 5.5% during the 4th quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker's stock valued at $129,201,000 after acquiring an additional 134,243 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 30.3% during the fourth quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock valued at $74,797,000 after acquiring an additional 347,000 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Anheuser-Busch InBev SA/NV by 27.9% during the fourth quarter. Renaissance Technologies LLC now owns 997,700 shares of the consumer goods maker's stock valued at $49,955,000 after purchasing an additional 217,700 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $70.10 to $88.00 in a research report on Monday, May 12th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Finally, Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Up 1.2%

Shares of Anheuser-Busch InBev SA/NV stock traded up $0.72 during trading on Wednesday, reaching $60.38. 2,453,977 shares of the company traded hands, compared to its average volume of 2,820,463. 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 company has a 50 day moving average price of $68.54 and a 200-day moving average price of $63.06. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13. The firm has a market capitalization of $108.51 billion, a PE ratio of 16.96, a P/E/G ratio of 1.81 and a beta of 0.79.

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 the consensus estimate 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%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. As a group, equities research analysts expect 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.