Valley Wealth Managers Inc. Invests $38,000 in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Valley Wealth Managers Inc. acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 655 shares of the consumer goods maker’s stock, valued at approximately $38,000.

Several other hedge funds have also added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. grew its stake in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after buying an additional 378 shares in the last quarter. Addison Advisors LLC lifted its stake in Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at approximately $35,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock worth $42,000 after purchasing an additional 346 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $64.90 on Friday. The company’s 50-day moving average is $61.29 and its 200 day moving average is $61.18. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $67.49. The stock has a market capitalization of $116.64 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The company had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. During the same period in the previous year, the business earned $0.72 EPS. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BUD shares. UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Morgan Stanley raised their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.25.

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.