My Legacy Advisors LLC Has $390,000 Position in Anheuser-Busch InBev SA/NV $BUD

Key Points

• My Legacy Advisors LLC reduced its stake in Anheuser-Busch InBev SA/NV by 54.4% in Q2, now holding 5,774 shares valued at $390,000.
• Several institutional investors have recently increased their holdings in Anheuser-Busch, with Dodge & Cox growing its position by 2.8% and Goldman Sachs increasing its stake by 25.3%.
• Analysts maintain a positive outlook on Anheuser-Busch, with an average rating of "Buy" and a target price of $71.00.

My Legacy Advisors LLC lessened its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 54.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,774 shares of the consumer goods maker's stock after selling 6,889 shares during the period. My Legacy Advisors LLC's holdings in Anheuser-Busch InBev SA/NV were worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. NBC Securities Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the first quarter worth approximately $32,000. Garde Capital Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $37,000. ST Germain D J Co. Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $41,000. Rossby Financial LCC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $49,000. Finally, Larson Financial Group LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 65.1% in the first quarter. Larson Financial Group LLC now owns 964 shares of the consumer goods maker's stock valued at $59,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Trading Up 0.8%

Shares of BUD traded up $0.47 during midday trading on Tuesday, hitting $59.06. The stock had a trading volume of 2,228,076 shares, compared to its average volume of 2,399,892. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The business has a 50-day simple moving average of $62.38 and a two-hundred day simple moving average of $64.96. The firm has a market cap of $115.31 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.67 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping 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 earned $0.90 earnings per share. The business's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, September 10th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Berenberg Bank reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 18th. Royal Bank Of Canada reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, September 17th. Finally, Sanford C. Bernstein reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of "Buy" and an average price target of $71.00.

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.