300,000 Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC bought a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 300,000 shares of the consumer goods maker’s stock, valued at approximately $18,226,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BUD. Lake Street Advisors Group LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock valued at $624,000 after acquiring an additional 186 shares during the period. CHICAGO TRUST Co NA raised its stake in shares of Anheuser-Busch InBev SA/NV by 1.9% during the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock worth $643,000 after buying an additional 196 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 6.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,523 shares of the consumer goods maker’s stock worth $214,000 after buying an additional 200 shares during the period. Franklin Resources Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 19,139 shares of the consumer goods maker’s stock worth $1,237,000 after buying an additional 201 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 1.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,566 shares of the consumer goods maker’s stock worth $825,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $59.52 on Thursday. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $67.49. The stock has a market cap of $106.97 billion, a PE ratio of 25.01, a P/E/G ratio of 1.66 and a beta of 1.10. The stock has a fifty day moving average price of $60.82 and a 200 day moving average price of $61.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The company had revenue of $14.55 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BUD. Morgan Stanley lowered their price target on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average price target of $72.13.

Anheuser-Busch InBev SA/NV 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.