Raymond James Financial Inc. Boosts Stock Position in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Raymond James Financial Inc. increased its stake in Anheuser-Busch InBev by 24.8% during the first quarter, owning nearly 929,927 shares valued at approximately $57.25 million.
• In recent analyst ratings, BNP Paribas raised Anheuser-Busch’s rating from "hold" to "strong-buy," while Goldman Sachs lifted its rating from "neutral" to "buy" with a price target increase to $88.00.
• Anheuser-Busch reported a quarterly earnings per share of $0.98, beating analysts' estimates, despite a 2.1% decline in revenue year-over-year.

Raymond James Financial Inc. boosted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 24.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 929,927 shares of the consumer goods maker's stock after buying an additional 184,749 shares during the quarter. Raymond James Financial Inc. owned approximately 0.05% of Anheuser-Busch InBev SA/NV worth $57,246,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vontobel Holding Ltd. increased its holdings in Anheuser-Busch InBev SA/NV by 2.3% in the first quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock valued at $473,000 after buying an additional 174 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 1.1% in the first quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker's stock valued at $1,046,000 after buying an additional 179 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings 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 purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 27.0% during the first quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker's stock worth $71,000 after purchasing an additional 246 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% during the first quarter. Rehmann Capital Advisory Group now owns 4,961 shares of the consumer goods maker's stock worth $305,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $63.0560 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The business's 50-day moving average price is $66.50 and its 200 day moving average price is $63.92. The firm has a market cap of $113.32 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.90 and a beta of 0.79.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BUD. Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. BNP Paribas raised 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 raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average 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.

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