Exencial Wealth Advisors LLC Sells 5,301 Shares of Anheuser-Busch InBev SA/NV $BUD

Key Points

• Exencial Wealth Advisors LLC has sold 5,301 shares of Anheuser-Busch InBev, reducing its holdings by 20.9% to 20,047 shares, valued at approximately $1.38 million.
• Other institutional investors have increased their stakes in Anheuser-Busch, with Ritholtz Wealth Management raising its holdings by 578.6%, now owning 24,302 shares worth $1.67 million.
• The company's stock opened at $61.55 and has a market capitalization of $120.19 billion, with analysts giving it a consensus rating of "Moderate Buy" and an average price target of $71.00.

Exencial Wealth Advisors LLC reduced its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 20.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,047 shares of the consumer goods maker's stock after selling 5,301 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ritholtz Wealth Management boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 578.6% in the second quarter. Ritholtz Wealth Management now owns 24,302 shares of the consumer goods maker's stock worth $1,670,000 after buying an additional 20,721 shares during the last quarter. Harbour Investments Inc. raised its position in Anheuser-Busch InBev SA/NV by 119.7% in the second quarter. Harbour Investments Inc. now owns 2,773 shares of the consumer goods maker's stock worth $191,000 after acquiring an additional 1,511 shares during the period. Sagespring Wealth Partners LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 28.5% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 6,282 shares of the consumer goods maker's stock worth $432,000 after acquiring an additional 1,392 shares during the last quarter. Naviter Wealth LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 8.3% during the 2nd quarter. Naviter Wealth LLC now owns 19,941 shares of the consumer goods maker's stock valued at $1,370,000 after acquiring an additional 1,534 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,844 shares of the consumer goods maker's stock worth $333,000 after purchasing an additional 944 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $61.55 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The company's fifty day moving average price is $60.44 and its 200-day moving average price is $64.60. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13. The company has a market capitalization of $120.19 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping 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%.During the same period in the previous year, the business earned $0.90 EPS. The firm's revenue was down 2.1% on a year-over-year basis. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BUD. Sanford C. Bernstein reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday. Berenberg Bank reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 18th. Morningstar raised Anheuser-Busch InBev SA/NV to a "buy" rating in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of "Moderate Buy" and an average price target of $71.00.

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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