Strategic Global Advisors LLC Invests $493,000 in Anheuser-Busch InBev SA/NV $BUD

Strategic Global Advisors LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,692 shares of the consumer goods maker’s stock, valued at approximately $493,000.

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC grew its position in Anheuser-Busch InBev SA/NV by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock valued at $728,801,000 after acquiring an additional 368,721 shares in the last quarter. Morgan Stanley grew its position in Anheuser-Busch InBev SA/NV by 29.8% in the 4th quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock valued at $269,337,000 after acquiring an additional 966,378 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Anheuser-Busch InBev SA/NV by 1.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,009,863 shares of the consumer goods maker’s stock valued at $256,792,000 after acquiring an additional 42,009 shares in the last quarter. Bank of America Corp DE grew its position in Anheuser-Busch InBev SA/NV by 12.8% in the 3rd quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock valued at $224,786,000 after acquiring an additional 426,495 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $149,778,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $81.54 on Tuesday. The stock has a 50-day simple moving average of $78.25 and a 200-day simple moving average of $72.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72. The stock has a market capitalization of $159.04 billion, a PE ratio of 22.28, a PEG ratio of 1.34 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a 1 year low of $56.97 and a 1 year high of $84.46.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter. The business had revenue of $15.27 billion during the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%. On average, analysts predict that Anheuser-Busch InBev SA/NV will post 4.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on BUD. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 19th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average price target of $93.42.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.