Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Acquired by TBH Global Asset Management LLC

TBH Global Asset Management LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 12,569 shares of the consumer goods maker’s stock after acquiring an additional 587 shares during the quarter. TBH Global Asset Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DAVENPORT & Co LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 36.8% in the 1st quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock worth $125,389,000 after acquiring an additional 555,362 shares during the period. International Assets Investment Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $136,630,000. Seafarer Capital Partners LLC lifted its stake in Anheuser-Busch InBev SA/NV by 20.2% during the first quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock valued at $57,863,000 after buying an additional 160,000 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Anheuser-Busch InBev SA/NV by 52.7% in the fourth quarter. Brandes Investment Partners LP now owns 301,882 shares of the consumer goods maker’s stock worth $19,508,000 after purchasing an additional 104,209 shares in the last quarter. Finally, Susquehanna International Securities Ltd. lifted its position in shares of Anheuser-Busch InBev SA/NV by 2,380.1% in the first quarter. Susquehanna International Securities Ltd. now owns 95,088 shares of the consumer goods maker’s stock worth $5,779,000 after purchasing an additional 91,254 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock traded down $1.11 during trading on Thursday, reaching $60.56. The company’s stock had a trading volume of 1,183,682 shares, compared to its average volume of 1,817,938. The stock has a 50-day moving average price of $61.85 and a two-hundred day moving average price of $61.77. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $67.49. The stock has a market capitalization of $108.84 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.43 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BUD shares. Morgan Stanley cut their price objective on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Anheuser-Busch InBev SA/NV Company Profile

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.