Raymond James Financial Services Advisors Inc. Grows Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

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Raymond James Financial Services Advisors Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 12.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 84,217 shares of the consumer goods maker’s stock after acquiring an additional 9,135 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $4,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth about $28,000. Farmers & Merchants Investments Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 541.2% during the third quarter. Farmers & Merchants Investments Inc. now owns 545 shares of the consumer goods maker’s stock worth $31,000 after buying an additional 460 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 66,200.0% during the second quarter. Meeder Asset Management Inc. now owns 663 shares of the consumer goods maker’s stock worth $48,000 after buying an additional 662 shares during the last quarter. Ameritas Investment Company LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 228.1% during the second quarter. Ameritas Investment Company LLC now owns 1,155 shares of the consumer goods maker’s stock worth $246,000 after buying an additional 803 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 53.3% during the second quarter. Bessemer Group Inc. now owns 1,519 shares of the consumer goods maker’s stock worth $109,000 after buying an additional 528 shares during the last quarter.

BUD stock opened at $60.55 on Monday. The firm has a 50 day moving average of $59.06 and a 200-day moving average of $61.54. Anheuser-Busch InBev SA/NV has a 12-month low of $54.08 and a 12-month high of $79.67. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The company has a market cap of $119.89 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.22 and a beta of 1.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, October 27th. The consumer goods maker reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.28. Anheuser-Busch InBev SA/NV had a net margin of 9.41% and a return on equity of 15.40%. The company had revenue of $14.27 billion during the quarter, compared to the consensus estimate of $13.64 billion. During the same period last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 2.8 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 29th. Morgan Stanley restated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 8th. Credit Suisse Group restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 6th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, November 30th. Finally, Bank of America upgraded shares of Anheuser-Busch InBev SA/NV from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $72.11.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies.

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