My Legacy Advisors LLC Sells 187 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

My Legacy Advisors LLC lessened its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,819 shares of the consumer goods maker’s stock after selling 187 shares during the period. My Legacy Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,486,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Anheuser-Busch InBev SA/NV by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 98,375 shares of the consumer goods maker’s stock valued at $5,909,000 after buying an additional 7,887 shares during the period. American Century Companies Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 8.2% during the first quarter. American Century Companies Inc. now owns 26,865 shares of the consumer goods maker’s stock worth $1,614,000 after purchasing an additional 2,028 shares during the period. Citigroup Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 13.2% during the first quarter. Citigroup Inc. now owns 57,729 shares of the consumer goods maker’s stock worth $3,468,000 after purchasing an additional 6,742 shares during the period. Bank of Montreal Can raised its position in shares of Anheuser-Busch InBev SA/NV by 14.1% during the first quarter. Bank of Montreal Can now owns 35,077 shares of the consumer goods maker’s stock worth $2,154,000 after purchasing an additional 4,342 shares during the period. Finally, BlackRock Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 11.8% during the first quarter. BlackRock Inc. now owns 356,048 shares of the consumer goods maker’s stock worth $21,384,000 after purchasing an additional 37,476 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BUD. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and raised their price target for the stock from $60.00 to $76.00 in a research report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a report on Monday, December 4th. TD Cowen decreased their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. JPMorgan Chase & Co. increased their price objective on Anheuser-Busch InBev SA/NV from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Finally, BNP Paribas downgraded Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus target price of $71.70.

Check Out Our Latest Research Report on BUD

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD traded down $0.79 during midday trading on Thursday, hitting $59.28. The company’s stock had a trading volume of 4,367,497 shares, compared to its average volume of 2,165,080. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $67.09. The company’s fifty day simple moving average is $62.61 and its two-hundred day simple moving average is $60.27. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $102.98 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $14.47 billion for the quarter, compared to analyst estimates of $15.34 billion. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, equities analysts expect that Anheuser-Busch InBev SA/NV will post 3.48 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Company Profile

(Free Report)

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.

Further Reading

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

Receive News & Ratings for Anheuser-Busch InBev SA/NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser-Busch InBev SA/NV and related companies with MarketBeat.com's FREE daily email newsletter.