Exencial Wealth Advisors LLC Trims 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 reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 19.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $32,000. Garde Capital Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $37,000. Measured Risk Portfolios Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $40,000. ST Germain D J Co. Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $41,000. Finally, Rossby Financial LCC purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $49,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have 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 raised their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. BNP Paribas raised 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 shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $60.38 on Thursday. 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 firm's 50 day moving average price is $68.35 and its 200-day moving average price is $63.04. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The company has a market cap 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 released its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm earned $0.90 EPS. The company's revenue was down 2.1% compared to the same quarter last year. Sell-side analysts forecast 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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