Wealth Enhancement Advisory Services LLC Has $1.69 Million Stock Position in Anheuser-Busch InBev SA/NV $BUD

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 21.7% during the third quarter, HoldingsChannel reports. The fund owned 28,309 shares of the consumer goods maker’s stock after selling 7,868 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Salomon & Ludwin LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 494.7% during the 3rd quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after purchasing an additional 371 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at about $28,000. Mather Group LLC. acquired a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth about $34,000. Elevation Point Wealth Partners LLC bought a new position in Anheuser-Busch InBev SA/NV during the second quarter valued at about $35,000. Finally, NewSquare Capital LLC increased its stake in Anheuser-Busch InBev SA/NV by 602.7% during the second quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock valued at $36,000 after acquiring an additional 452 shares during the period. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 0.6%

Shares of NYSE BUD opened at $71.69 on Friday. The stock has a market cap of $139.98 billion, a PE ratio of 23.43, a PEG ratio of 1.49 and a beta of 0.57. The business has a fifty day moving average of $65.04 and a two-hundred day moving average of $62.90. Anheuser-Busch InBev SA/NV has a 52-week low of $47.89 and a 52-week high of $72.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $15.13 billion for the quarter, compared to analyst estimates of $15.28 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.40% and a return on equity of 16.20%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. As a group, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.1722 per share. This represents a yield of 57.0%. The ex-dividend date of this dividend was Wednesday, November 19th. Anheuser-Busch InBev SA/NV’s dividend payout ratio is currently 7.84%.

Analyst Ratings Changes

BUD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, January 9th. Kepler Capital Markets cut Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, January 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, January 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.67.

About Anheuser-Busch InBev SA/NV

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.