First Affirmative Financial Network Invests $210,000 in Anheuser-Busch InBev SA/NV (NYSE:BUD)

First Affirmative Financial Network acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,172 shares of the consumer goods maker’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BUD. Addison Advisors LLC increased its position in shares of 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 valued at $34,000 after buying an additional 168 shares in the last quarter. Westside Investment Management Inc. raised its position in Anheuser-Busch InBev SA/NV by 15.1% during the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock worth $80,000 after acquiring an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock valued at $624,000 after purchasing an additional 186 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in shares of Anheuser-Busch InBev SA/NV by 1.9% during the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock worth $643,000 after purchasing an additional 196 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price target for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $64.85 on Friday. The firm has a market capitalization of $116.55 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The company has a 50 day moving average price of $62.95 and a 200 day moving average price of $61.70. Anheuser-Busch InBev SA/NV has a one year low of $52.36 and a one year high of $67.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its 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 return on equity of 14.77% and a net margin of 9.89%. The business had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. During the same period last year, the company posted $0.72 EPS. Sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current year.

About Anheuser-Busch InBev SA/NV

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.