First Manhattan CO. LLC. Buys 82,454 Shares of Anheuser-Busch InBev SA/NV $BUD

First Manhattan CO. LLC. lifted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 23.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 437,077 shares of the consumer goods maker’s stock after acquiring an additional 82,454 shares during the period. First Manhattan CO. LLC.’s holdings in Anheuser-Busch InBev SA/NV were worth $26,906,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth $32,000. Garde Capital Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth $37,000. Measured Risk Portfolios Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth $40,000. ST Germain D J Co. Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth $41,000. Finally, Rossby Financial LCC purchased a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth $49,000. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $62.60 on Monday. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The company’s 50-day moving average is $65.36 and its 200 day moving average is $64.73. The stock has a market capitalization of $112.50 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.76 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. During the same quarter in the previous year, the company earned $0.90 EPS. Anheuser-Busch InBev SA/NV’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BUD has been the topic of a number of analyst reports. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Sunday, May 18th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $70.10 to $88.00 in a research report on Monday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $71.50.

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.