Kestra Advisory Services LLC Sells 5,281 Shares of Anheuser-Busch InBev SA/NV $BUD

Kestra Advisory Services LLC lessened its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 22.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,072 shares of the consumer goods maker's stock after selling 5,281 shares during the period. Kestra Advisory Services LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,113,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC grew its stake in Anheuser-Busch InBev SA/NV by 0.3% in the first quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker's stock valued at $92,235,000 after acquiring an additional 4,455 shares during the period. Northern Trust Corp grew its stake in Anheuser-Busch InBev SA/NV by 14.0% in the first quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker's stock valued at $59,562,000 after acquiring an additional 118,775 shares during the period. Raymond James Financial Inc. grew its stake in Anheuser-Busch InBev SA/NV by 24.8% in the first quarter. Raymond James Financial Inc. now owns 929,927 shares of the consumer goods maker's stock valued at $57,246,000 after acquiring an additional 184,749 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 34.0% in the first quarter. Alberta Investment Management Corp now owns 763,800 shares of the consumer goods maker's stock valued at $47,020,000 after purchasing an additional 193,800 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 0.7% in the first quarter. Penn Davis Mcfarland Inc. now owns 470,711 shares of the consumer goods maker's stock valued at $28,977,000 after purchasing an additional 3,192 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE BUD traded down $0.36 during trading on Thursday, reaching $59.20. 2,760,715 shares of the stock traded hands, compared to its average volume of 2,399,050. 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 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 of $64.83 and a 200-day moving average of $64.73. The stock has a market capitalization of $106.39 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, beating analysts' consensus estimates 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 firm posted $0.90 EPS. Anheuser-Busch InBev SA/NV's revenue was down 2.1% compared to the same quarter last year. Analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BUD. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their target price for the company from $70.10 to $88.00 in a report on Monday, May 12th. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a 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 report on Sunday, May 18th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and a consensus target price 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.