Exencial Wealth Advisors LLC Has $1.56 Million Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Exencial Wealth Advisors LLC has reduced its stake in Anheuser-Busch InBev SA/NV by 19.1%, selling 5,987 shares in the first quarter, and now holds 25,348 shares valued at approximately $1.56 million.
• Analysts are divided on the stock's outlook, with Goldman Sachs upgrading it to a "buy" rating and raising the target price from $70.10 to $88.00, while Wall Street Zen downgraded it from "buy" to "hold."
• Anheuser-Busch InBev reported an earnings per share of $0.98 for its last quarter, beating estimates, although revenue declined by 2.1% compared to the previous year.

Exencial Wealth Advisors LLC lowered its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 19.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,348 shares of the consumer goods maker's stock after selling 5,987 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,560,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its holdings in Anheuser-Busch InBev SA/NV by 2.3% during the 1st quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock worth $473,000 after purchasing an additional 174 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 1.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker's stock worth $1,046,000 after purchasing an additional 179 shares during the period. Laurel Wealth Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 23.5% during 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. GAMMA Investing LLC increased its stake in shares of 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 valued at $71,000 after purchasing an additional 246 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in Anheuser-Busch InBev SA/NV by 6.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,961 shares of the consumer goods maker's stock worth $305,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD traded down $0.83 on Monday, hitting $61.16. The company's stock had a trading volume of 440,724 shares, compared to its average volume of 2,426,069. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The company has a market capitalization of $109.92 billion, a PE ratio of 17.18, a PEG ratio of 1.89 and a beta of 0.79. 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 $67.99 and a 200 day moving average price of $63.44.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share 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 quarter in the previous year, the company posted $0.90 earnings per share. Anheuser-Busch InBev SA/NV's revenue for the quarter was down 2.1% on a year-over-year basis. On average, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. 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. 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. Finally, The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their target price for the stock 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 data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $71.50.

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.