3,090 Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD) Acquired by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,090 shares of the consumer goods maker’s stock, valued at approximately $205,000.

A number of other institutional investors have also modified their holdings of the company. Greenleaf Trust increased its holdings in shares of Anheuser-Busch InBev SA/NV by 90.8% in the third quarter. Greenleaf Trust now owns 9,752 shares of the consumer goods maker’s stock valued at $646,000 after purchasing an additional 4,641 shares during the period. Private Advisor Group LLC increased its holdings in Anheuser-Busch InBev SA/NV by 18.4% in the 3rd quarter. Private Advisor Group LLC now owns 13,039 shares of the consumer goods maker’s stock worth $864,000 after buying an additional 2,028 shares during the period. Sequoia Financial Advisors LLC raised its position in Anheuser-Busch InBev SA/NV by 6.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,700 shares of the consumer goods maker’s stock worth $577,000 after buying an additional 525 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $58,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 9.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker’s stock valued at $157,000 after acquiring an additional 197 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Down 0.4 %

BUD traded down $0.25 during trading hours on Wednesday, hitting $64.40. 249,150 shares of the company’s stock were exchanged, compared to its average volume of 1,588,547. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12-month low of $52.74 and a 12-month high of $67.49. The firm has a market cap of $115.74 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The firm has a 50 day moving average of $63.61 and a 200 day moving average of $61.95.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts predict that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BUD. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their target price for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Morgan Stanley increased their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.00.

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.