First Trust Advisors LP Buys 29,124 Shares of Anheuser-Busch InBev SA/NV $BUD

First Trust Advisors LP lifted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.1% in the 1st quarter, HoldingsChannel reports. The firm owned 601,440 shares of the consumer goods maker’s stock after buying an additional 29,124 shares during the quarter. First Trust Advisors LP’s holdings in Anheuser-Busch InBev SA/NV were worth $41,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BUD. Bogart Wealth LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 3,800.0% in the 4th quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock worth $25,000 after purchasing an additional 380 shares during the period. Birchwood Financial Partners Inc. bought a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $26,000. GHP Investment Advisors Inc. bought a new position in Anheuser-Busch InBev SA/NV during the first quarter valued at $32,000. Parkside Financial Bank & Trust increased its position in Anheuser-Busch InBev SA/NV by 79.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock worth $32,000 after buying an additional 220 shares during the last quarter. Finally, First Horizon Corp increased its position in Anheuser-Busch InBev SA/NV by 84.6% in the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock worth $35,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BUD has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, July 1st. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.08.

Anheuser-Busch InBev SA/NV Stock Down 1.0%

Shares of NYSE:BUD opened at $80.84 on Tuesday. The firm has a fifty day moving average price of $81.31 and a two-hundred day moving average price of $76.45. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. Anheuser-Busch InBev SA/NV has a one year low of $56.97 and a one year high of $85.56. The company has a market cap of $157.69 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.37 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. The firm had revenue of $15.27 billion during the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 16.34%. Analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.31 EPS for the current fiscal year.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.