Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by Solitude Financial Services

Solitude Financial Services raised its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,250 shares of the consumer goods maker’s stock after acquiring an additional 428 shares during the period. Anheuser-Busch InBev SA/NV accounts for approximately 0.3% of Solitude Financial Services’ portfolio, making the stock its 24th largest position. Solitude Financial Services’ holdings in Anheuser-Busch InBev SA/NV were worth $596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BUD. Blue Trust Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after buying an additional 378 shares during the last quarter. Westside Investment Management Inc. increased its stake in Anheuser-Busch InBev SA/NV by 15.1% in the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock valued at $80,000 after buying an additional 181 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 5.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the consumer goods maker’s stock worth $829,000 after acquiring an additional 696 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 6.1% during the second quarter. V Square Quantitative Management LLC now owns 5,004 shares of the consumer goods maker’s stock worth $292,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BUD shares. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Morgan Stanley decreased their target price on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD traded up $0.03 during trading hours on Friday, reaching $60.65. 972,434 shares of the company traded hands, compared to its average volume of 1,778,439. The stock has a fifty day simple moving average of $60.26 and a 200 day simple moving average of $61.30. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.49. The stock has a market capitalization of $109.00 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly 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 business 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 21.74%. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, research analysts predict that Anheuser-Busch InBev SA/NV will post 3.35 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Company 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.