Anheuser-Busch InBev SA/NV $BUD Stock Holdings Increased by Raymond James Financial Inc.

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. raised its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 24.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 929,927 shares of the consumer goods maker's stock after purchasing an additional 184,749 shares during the quarter. Raymond James Financial Inc. owned 0.05% of Anheuser-Busch InBev SA/NV worth $57,246,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in shares of Anheuser-Busch InBev SA/NV by 2.3% in the 1st quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock worth $473,000 after acquiring an additional 174 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Anheuser-Busch InBev SA/NV by 1.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker's stock worth $1,046,000 after acquiring an additional 179 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 23.5% in the 1st 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 in the last quarter. GAMMA Investing LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker's stock worth $71,000 after acquiring an additional 246 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Anheuser-Busch InBev SA/NV by 6.0% in 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 in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD traded down $0.28 during midday trading on Tuesday, reaching $62.77. 1,658,753 shares of the company traded hands, compared to its average volume of 2,823,750. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The firm has a market capitalization of $112.80 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.77 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 fifty day moving average price of $65.86 and a 200 day moving average price of $64.41.

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 earnings per share for the quarter, beating 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%.The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 EPS. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BUD. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group upgraded 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 research report on Monday, May 12th. Finally, Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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.