Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Anheuser-Busch InBev SA/NV by 23.0% during the first quarter, totaling 197,108 shares valued at about $12.13 million.
• Anheuser-Busch InBev reported $0.98 earnings per share for its latest quarter, exceeding estimates by $0.04, despite a 2.1% decline in quarterly revenue year-over-year.
• Investors have shown increased interest, with significant purchases from multiple institutional investors and hedge funds in the last quarter, leading to a total of 5.53% institutional ownership in the company.

LPL Financial LLC increased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,108 shares of the consumer goods maker's stock after purchasing an additional 36,847 shares during the period. LPL Financial LLC's holdings in Anheuser-Busch InBev SA/NV were worth $12,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BUD. Franklin Resources Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 2.8% during the 4th quarter. Franklin Resources Inc. now owns 17,340 shares of the consumer goods maker's stock worth $868,000 after purchasing an additional 477 shares during the last quarter. Cerity Partners LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 1.0% during the 4th quarter. Cerity Partners LLC now owns 61,700 shares of the consumer goods maker's stock worth $3,089,000 after purchasing an additional 639 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $3,637,000. Renaissance Technologies LLC raised its holdings in Anheuser-Busch InBev SA/NV by 27.9% in the 4th quarter. Renaissance Technologies LLC now owns 997,700 shares of the consumer goods maker's stock valued at $49,955,000 after acquiring an additional 217,700 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $281,000. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock opened at $61.35 on Friday. The firm has a 50 day simple moving average of $68.16 and a 200-day simple moving average of $63.13. 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 stock has a market cap of $110.25 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79.

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

Analyst Ratings Changes

BUD has been the subject of a number of recent research reports. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Finally, The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price objective for the company from $70.10 to $88.00 in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $71.50.

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.

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