World Equity Group Inc. Acquires New Holdings in Anheuser-Busch InBev SA/NV $BUD

World Equity Group Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,505 shares of the consumer goods maker’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GQG Partners LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $149,778,000. Morgan Stanley lifted its stake 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 worth $269,337,000 after acquiring an additional 966,378 shares in the last quarter. Bank of America Corp DE boosted its position in Anheuser-Busch InBev SA/NV by 23.7% during the 2nd quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock worth $229,831,000 after acquiring an additional 641,158 shares during the period. Holocene Advisors LP purchased a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $33,999,000. Finally, Fisher Asset Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 3.3% during 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. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Down 0.8%

BUD stock opened at $83.08 on Tuesday. Anheuser-Busch InBev SA/NV has a twelve month low of $57.79 and a twelve month high of $86.60. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68. The company has a market cap of $167.76 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.60. The business’s 50-day simple moving average is $81.76 and its 200 day simple moving average is $77.67.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The business had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $16.23 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on BUD. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, May 7th. Weiss Ratings cut Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Morgan Stanley lowered their target price on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Finally, DZ Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average price target of $91.08.

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.