Farther Finance Advisors LLC Acquires 629 Shares of Anheuser-Busch InBev SA/NV $BUD

Farther Finance Advisors LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 34.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,455 shares of the consumer goods maker’s stock after purchasing an additional 629 shares during the quarter. Farther Finance Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BUD. GAMMA Investing LLC boosted its stake in Anheuser-Busch InBev SA/NV by 7,716.4% during the 1st quarter. GAMMA Investing LLC now owns 71,286 shares of the consumer goods maker’s stock valued at $4,388,000 after purchasing an additional 70,374 shares during the period. NBC Securities Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $32,000. Merit Financial Group LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 31.7% in the 1st quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker’s stock worth $901,000 after acquiring an additional 3,526 shares during the period. ST Germain D J Co. Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $41,000. Finally, First Affirmative Financial Network bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $232,000. Institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on BUD shares. Morningstar upgraded Anheuser-Busch InBev SA/NV to a “buy” rating in a research report on Thursday, September 18th. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $71.00.

Anheuser-Busch InBev SA/NV Trading Up 0.8%

BUD stock opened at $60.02 on Friday. The business has a fifty day moving average price of $60.93 and a 200 day moving average price of $64.76. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The stock has a market capitalization of $117.19 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.72 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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%.During the same quarter in the previous year, the business posted $0.90 earnings per share. Anheuser-Busch InBev SA/NV’s revenue was down 2.1% on a year-over-year basis. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.