Entropy Technologies LP Purchases New Position in Anheuser-Busch InBev SA/NV $BUD

Entropy Technologies LP purchased a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the first quarter, HoldingsChannel.com reports. The firm purchased 8,555 shares of the consumer goods maker’s stock, valued at approximately $593,000.

Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock worth $728,801,000 after buying an additional 368,721 shares in the last quarter. Morgan Stanley boosted its holdings in shares of 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 worth $269,337,000 after acquiring an additional 966,378 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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 worth $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% during the 3rd quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock worth $224,786,000 after acquiring an additional 426,495 shares during the last quarter. Finally, GQG Partners LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $149,778,000. 5.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BUD has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, June 5th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. Wells Fargo & Company increased their target price on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, TD Cowen raised their target price on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.08.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $84.86 on Thursday. The firm has a market cap of $165.53 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.39 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a 12 month low of $56.97 and a 12 month high of $85.56. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average price of $81.39 and a 200 day moving average price of $76.73.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter. The company had revenue of $15.27 billion for the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 16.34%. Research analysts expect that Anheuser-Busch InBev SA/NV will post 4.31 EPS for the current year.

About Anheuser-Busch InBev SA/NV

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.