WR Wealth Planners LLC Decreases Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

WR Wealth Planners LLC lowered its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 60.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,460 shares of the consumer goods maker’s stock after selling 2,198 shares during the period. WR Wealth Planners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $73,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Wealth LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 67.0% in the 4th quarter. NewEdge Wealth LLC now owns 21,482 shares of the consumer goods maker’s stock worth $1,076,000 after acquiring an additional 8,618 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $36,000. B&D White Capital Company LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $290,000. Callan Capital LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 2.2% during the 4th quarter. Callan Capital LLC now owns 10,607 shares of the consumer goods maker’s stock worth $531,000 after purchasing an additional 229 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 18.9% during the 4th quarter. Private Advisor Group LLC now owns 15,497 shares of the consumer goods maker’s stock worth $776,000 after purchasing an additional 2,458 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 $59.95 on Friday. The company has a market cap of $107.74 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The stock has a 50-day moving average of $50.54 and a two-hundred day moving average of $56.77. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analysts Set New Price Targets

Separately, TD Cowen dropped their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $64.00.

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.