Maven Securities LTD purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,466 shares of the consumer goods maker’s stock, valued at approximately $4,323,000.
Several other institutional investors have also bought and sold shares of BUD. Fisher Asset Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock valued at $728,801,000 after buying an additional 368,721 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Anheuser-Busch InBev SA/NV by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 121,435 shares of the consumer goods maker’s stock worth $8,424,000 after acquiring an additional 13,877 shares in the last quarter. Cook & Bynum Capital Management LLC bought a new stake in Anheuser-Busch InBev SA/NV during the second quarter worth approximately $33,282,514. Renaissance Technologies LLC increased its stake in Anheuser-Busch InBev SA/NV by 64.7% during the first quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock worth $56,250,000 after acquiring an additional 318,600 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Anheuser-Busch InBev SA/NV by 5.1% during the first quarter. First Trust Advisors LP now owns 601,440 shares of the consumer goods maker’s stock valued at $41,722,000 after purchasing an additional 29,124 shares during the period. Institutional investors own 5.53% of the company’s stock.
Analysts Set New Price Targets
BUD has been the subject of several analyst reports. Weiss Ratings lowered Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, July 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Finally, Barclays reiterated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, July 27th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.08.
Anheuser-Busch InBev SA/NV Stock Down 0.8%
Shares of NYSE:BUD opened at $79.72 on Wednesday. The firm has a market capitalization of $160.97 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59. The business has a 50 day simple moving average of $80.77 and a two-hundred day simple moving average of $78.39. Anheuser-Busch InBev SA/NV has a 1 year low of $57.79 and a 1 year high of $86.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The firm had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $16.23 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 4.41 EPS for the current year.
Anheuser-Busch InBev SA/NV Profile
Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.
Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.
The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.
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