Naviter Wealth LLC Sells 2,440 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Naviter Wealth LLC decreased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,861 shares of the consumer goods maker’s stock after selling 2,440 shares during the quarter. Naviter Wealth LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BUD. Ashton Thomas Securities LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $26,000. Legacy Investment Solutions LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $27,000. R Squared Ltd purchased a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at $30,000. Whipplewood Advisors LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at $36,000. Finally, First Personal Financial Services boosted its stake in shares of Anheuser-Busch InBev SA/NV by 51.3% in the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after buying an additional 205 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 1.1 %

NYSE:BUD opened at $63.11 on Friday. The firm has a market capitalization of $113.41 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. 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 business has a fifty day moving average price of $51.69 and a 200-day moving average price of $56.81. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analyst Upgrades and Downgrades

BUD has been the subject of a number of research reports. TD Cowen reduced their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $64.00.

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.