Advisor Group Holdings Inc. boosted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,379 shares of the consumer goods maker's stock after acquiring an additional 4,035 shares during the quarter. Advisor Group Holdings Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $5,554,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox acquired a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $910,682,000. Invesco Ltd. increased its stake in Anheuser-Busch InBev SA/NV by 26.6% in the fourth quarter. Invesco Ltd. now owns 1,853,892 shares of the consumer goods maker's stock valued at $112,253,000 after purchasing an additional 389,836 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in Anheuser-Busch InBev SA/NV by 64.9% in the first quarter. Douglas Lane & Associates LLC now owns 657,902 shares of the consumer goods maker's stock valued at $39,514,000 after purchasing an additional 258,952 shares during the last quarter. Northern Trust Corp increased its stake in Anheuser-Busch InBev SA/NV by 43.4% in the fourth quarter. Northern Trust Corp now owns 501,569 shares of the consumer goods maker's stock valued at $30,371,000 after purchasing an additional 151,917 shares during the last quarter. Finally, GQG Partners LLC purchased a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $19,698,000.
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NYSE:BUD opened at $53.24 on Monday. The firm's fifty day moving average price is $54.09 and its 200 day moving average price is $57.53. Anheuser-Busch InBev SA/NV has a 1-year low of $50.59 and a 1-year high of $67.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.67 and a quick ratio of 0.47. The firm has a market cap of $105.42 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The consumer goods maker reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. Anheuser-Busch InBev SA/NV had a net margin of 6.91% and a return on equity of 10.47%. The firm had revenue of $13.24 billion for the quarter, compared to analyst estimates of $13.20 billion. During the same period last year, the firm posted $0.51 EPS. Anheuser-Busch InBev SA/NV's quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3 EPS for the current year.Analysts Set New Price Targets
Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Anheuser-Busch InBev SA/NV from €55.00 ($56.70) to €50.00 ($51.55) in a research note on Tuesday, July 5th. Barclays dropped their price target on shares of Anheuser-Busch InBev SA/NV from €84.00 ($86.60) to €77.00 ($79.38) in a research note on Monday, July 11th. Sanford C. Bernstein dropped their price target on shares of Anheuser-Busch InBev SA/NV to $67.60 in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Anheuser-Busch InBev SA/NV from €74.00 ($76.29) to €73.00 ($75.26) and set a "buy" rating on the stock in a research note on Tuesday, July 5th. Finally, StockNews.com upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.16.
Anheuser-Busch InBev SA/NV Company Profile
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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.
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