GC Wealth Management RIA LLC Acquires 1,083 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

GC Wealth Management RIA LLC boosted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,502 shares of the consumer goods maker’s stock after purchasing an additional 1,083 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Callan Capital LLC raised its holdings in Anheuser-Busch InBev SA/NV by 2.2% during the 4th quarter. Callan Capital LLC now owns 10,607 shares of the consumer goods maker’s stock worth $531,000 after purchasing an additional 229 shares during the last quarter. Ironwood Investment Counsel LLC raised its holdings in Anheuser-Busch InBev SA/NV by 0.4% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 87,515 shares of the consumer goods maker’s stock worth $5,801,000 after purchasing an additional 313 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 8.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,363 shares of the consumer goods maker’s stock worth $289,000 after purchasing an additional 328 shares during the last quarter. Altman Advisors Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 1.4% during the 3rd quarter. Altman Advisors Inc. now owns 27,691 shares of the consumer goods maker’s stock worth $1,836,000 after purchasing an additional 372 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth about $26,000. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $62.56 on Wednesday. The firm has a market capitalization of $112.44 billion, a P/E ratio of 19.31, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The business has a 50-day moving average of $52.19 and a 200-day moving average of $56.80. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

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 the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

BUD has been the subject of several recent research reports. TD Cowen dropped their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Buy” and a consensus target price of $64.00.

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.