My Legacy Advisors LLC Sells 3,149 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

My Legacy Advisors LLC lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 18.3% in the third quarter, HoldingsChannel reports. The firm owned 14,095 shares of the consumer goods maker’s stock after selling 3,149 shares during the period. My Legacy Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its stake 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 acquiring an additional 185 shares during the last quarter. Blue Trust Inc. grew its position 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 purchasing an additional 378 shares in the last quarter. Addison Advisors LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $35,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter worth about $38,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Morgan Stanley boosted their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock traded down $0.53 during midday trading on Tuesday, hitting $64.53. 317,448 shares of the stock traded hands, compared to its average volume of 1,593,838. The firm has a market cap of $115.97 billion, a P/E ratio of 27.34, a PEG ratio of 1.77 and a beta of 1.10. The stock’s fifty day simple moving average is $63.53 and its 200-day simple moving average is $61.91. 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 has a 1-year low of $52.36 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current 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.