Cambridge Investment Research Advisors Inc. Has $2.70 Million Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Posted by on Sep 3rd, 2023

Cambridge Investment Research Advisors Inc. decreased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,422 shares of the consumer goods maker’s stock after selling 1,170 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heritage Wealth Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth $30,000. Ronald Blue Trust Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 70.3% in the first quarter. Ronald Blue Trust Inc. now owns 499 shares of the consumer goods maker’s stock worth $30,000 after acquiring an additional 206 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $32,000. Contravisory Investment Management Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $33,000. Finally, James Investment Research Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $33,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock opened at $56.18 on Friday. The stock has a 50-day simple moving average of $56.89 and a 200 day simple moving average of $59.51. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.88. Anheuser-Busch InBev SA/NV has a 12-month low of $44.51 and a 12-month high of $67.09. The stock has a market capitalization of $97.60 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.73 and a beta of 1.25.

Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The consumer goods maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 14.69% and a net margin of 10.59%. The business had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $15.33 billion. During the same period in the previous year, the business posted $0.73 earnings per share. On average, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Anheuser-Busch InBev SA/NV from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $64.00 to $68.50 in a research note on Thursday, July 20th. HSBC downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Evercore ISI decreased their price target on shares of Anheuser-Busch InBev SA/NV from $80.00 to $70.00 in a research note on Thursday, June 8th. Finally, StockNews.com assumed coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.06.

Get Our Latest Stock Report on BUD

Anheuser-Busch InBev SA/NV Profile

(Free Report)

Anheuser-Busch InBev SA/NV produces, distributes, 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.

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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