Avantax Advisory Services Inc. Has $1.07 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Avantax Advisory Services Inc. lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,394 shares of the consumer goods maker’s stock after selling 8,007 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. R Squared Ltd acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $36,000. Empowered Funds LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $49,000. Finally, Brooklyn Investment Group acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BUD shares. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. TD Cowen lowered their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Down 0.7 %

Shares of NYSE:BUD opened at $63.09 on Thursday. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49. The company has a 50 day moving average of $53.80 and a 200-day moving average of $56.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The stock has a market cap of $113.39 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. On average, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current 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.