Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,227 shares of the consumer goods maker’s stock after purchasing an additional 912 shares during the period. NewEdge Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Dodge & Cox raised its holdings in Anheuser-Busch InBev SA/NV by 27.7% in the 4th quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker’s stock valued at $2,002,641,000 after acquiring an additional 8,670,940 shares during the last quarter. Clarkston Capital Partners LLC raised its holdings in Anheuser-Busch InBev SA/NV by 30.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker’s stock valued at $74,797,000 after acquiring an additional 347,000 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $56,849,000. Renaissance Technologies LLC raised its holdings in Anheuser-Busch InBev SA/NV by 27.9% in the 4th quarter. Renaissance Technologies LLC now owns 997,700 shares of the consumer goods maker’s stock valued at $49,955,000 after acquiring an additional 217,700 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $37,311,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BUD shares. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a “buy” rating for the company. TD Cowen dropped their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Finally, Argus raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, March 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $66.00.

Anheuser-Busch InBev SA/NV Stock Up 0.1 %

BUD opened at $65.10 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The business has a 50 day simple moving average of $61.78 and a 200-day simple moving average of $56.56. The stock has a market capitalization of $117.00 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.73 and a beta of 0.80. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.