NewEdge Advisors LLC Increases Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

NewEdge Advisors LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,227 shares of the consumer goods maker’s stock after acquiring 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 SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Berenberg Bank assumed coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They issued a “buy” rating for the company. Argus raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday, March 27th. TD Cowen lowered their price objective 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 report on Wednesday, January 8th. Finally, StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Trading Up 0.1 %

Anheuser-Busch InBev SA/NV stock opened at $65.10 on Tuesday. The firm has a 50 day simple moving average of $61.78 and a 200-day simple moving average of $56.56. 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 stock has a market capitalization of $117.00 billion, a PE ratio of 20.09, a price-to-earnings-growth 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 released its 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 net margin of 10.98% and a return on equity of 15.29%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. As a group, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS 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.