World Equity Group Inc. Buys New Shares in Anheuser-Busch InBev SA/NV $BUD

World Equity Group Inc. bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,505 shares of the consumer goods maker’s stock, valued at approximately $536,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bogart Wealth LLC raised its stake in Anheuser-Busch InBev SA/NV by 3,800.0% during the fourth quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock worth $25,000 after acquiring an additional 380 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $26,000. GHP Investment Advisors Inc. bought a new position in Anheuser-Busch InBev SA/NV in the 1st quarter valued at approximately $32,000. Parkside Financial Bank & Trust lifted its stake in Anheuser-Busch InBev SA/NV by 79.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. Finally, First Horizon Corp boosted its position in Anheuser-Busch InBev SA/NV by 84.6% in the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after buying an additional 230 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $83.08 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $81.76 and its two-hundred day moving average price is $77.67. Anheuser-Busch InBev SA/NV has a 1-year low of $57.79 and a 1-year high of $86.60. The company has a market cap of $167.76 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.29 and a beta of 0.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.12. The company had revenue of $16.66 billion during the quarter, compared to analyst estimates of $16.23 billion. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 4.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BUD. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. TD Cowen raised their price objective on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a “hold” rating in a report on Friday, June 26th. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. DZ Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, May 21st. Finally, Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.