Maverick Capital Ltd. Increases Holdings in Anheuser-Busch InBev SA/NV $BUD

Maverick Capital Ltd. lifted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 42.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,020 shares of the consumer goods maker’s stock after acquiring an additional 15,122 shares during the period. Maverick Capital Ltd.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BUD. Quantinno Capital Management LP raised its position in Anheuser-Busch InBev SA/NV by 28.9% during the first quarter. Quantinno Capital Management LP now owns 214,841 shares of the consumer goods maker’s stock valued at $14,904,000 after purchasing an additional 48,223 shares during the period. Waverly Advisors LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $249,000. Entropy Technologies LP bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at approximately $593,000. Bridgewater Advisors Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at approximately $201,000. Finally, Renaissance Technologies LLC raised its holdings in Anheuser-Busch InBev SA/NV by 64.7% during the 1st quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock valued at $56,250,000 after buying an additional 318,600 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Wells Fargo & Company raised their target price on shares of Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Barclays reiterated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus target price of $90.08.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $80.84 on Tuesday. The stock’s fifty day moving average is $81.31 and its two-hundred day moving average is $76.45. The company has a market capitalization of $157.69 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.37 and a beta of 0.59. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Anheuser-Busch InBev SA/NV has a 52 week low of $56.97 and a 52 week high of $85.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%.The business had revenue of $15.27 billion for the quarter. As a group, analysts expect that Anheuser-Busch InBev SA/NV will post 4.31 earnings per share for the current year.

Anheuser-Busch InBev SA/NV Company Profile

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.