Envestnet Asset Management Inc. grew its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 414,757 shares of the consumer goods maker’s stock after purchasing an additional 27,981 shares during the period. Envestnet Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $25,224,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in BUD. Bank of New York Mellon Corp grew its position in Anheuser-Busch InBev SA/NV by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 98,375 shares of the consumer goods maker’s stock worth $5,909,000 after acquiring an additional 7,887 shares in the last quarter. American Century Companies Inc. grew its position in Anheuser-Busch InBev SA/NV by 8.2% in the first quarter. American Century Companies Inc. now owns 26,865 shares of the consumer goods maker’s stock worth $1,614,000 after acquiring an additional 2,028 shares in the last quarter. Citigroup Inc. grew its position in Anheuser-Busch InBev SA/NV by 13.2% in the first quarter. Citigroup Inc. now owns 57,729 shares of the consumer goods maker’s stock worth $3,468,000 after acquiring an additional 6,742 shares in the last quarter. Bank of Montreal Can grew its position in Anheuser-Busch InBev SA/NV by 14.1% in the first quarter. Bank of Montreal Can now owns 35,077 shares of the consumer goods maker’s stock worth $2,154,000 after acquiring an additional 4,342 shares in the last quarter. Finally, BlackRock Inc. grew its position in Anheuser-Busch InBev SA/NV by 11.8% in the first quarter. BlackRock Inc. now owns 356,048 shares of the consumer goods maker’s stock worth $21,384,000 after acquiring an additional 37,476 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on BUD. StockNews.com began coverage on Anheuser-Busch InBev SA/NV in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Evercore ISI dropped their target price on Anheuser-Busch InBev SA/NV from $80.00 to $70.00 in a research report on Thursday, June 8th. Morgan Stanley upgraded Anheuser-Busch InBev SA/NV from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $64.00 to $68.50 in a research report on Thursday, July 20th. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, HSBC lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Hold” and a consensus price target of $67.06.
Anheuser-Busch InBev SA/NV Stock Performance
Anheuser-Busch InBev SA/NV stock opened at $56.90 on Friday. The company has a 50 day moving average price of $56.91 and a 200-day moving average price of $59.53. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.64. Anheuser-Busch InBev SA/NV has a fifty-two week low of $44.51 and a fifty-two week high of $67.09. The company has a market capitalization of $98.85 billion, a PE ratio of 18.35, a P/E/G ratio of 1.73 and a beta of 1.25.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The consumer goods maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $15.33 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.59% and a return on equity of 14.69%. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.06 earnings per share for the current year.
Anheuser-Busch InBev SA/NV Company Profile
Anheuser-Busch InBev SA/NV produces, distributes, 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.
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