Bank OZK Acquires 7,071 Shares of Anheuser-Busch InBev SA/NV $BUD

Bank OZK increased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 37.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,794 shares of the consumer goods maker’s stock after purchasing an additional 7,071 shares during the period. Bank OZK’s holdings in Anheuser-Busch InBev SA/NV were worth $2,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BUD. Corient Private Wealth LP grew its holdings in Anheuser-Busch InBev SA/NV by 17.1% during the 2nd quarter. Corient Private Wealth LP now owns 19,507 shares of the consumer goods maker’s stock valued at $1,607,000 after buying an additional 2,855 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 37.6% in the second quarter. HB Wealth Management LLC now owns 8,841 shares of the consumer goods maker’s stock worth $729,000 after buying an additional 2,418 shares in the last quarter. Angeles Wealth Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter worth $212,000. XY Capital Ltd bought a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $434,000. Finally, Azimuth Capital Investment Management LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 0.4% during the second quarter. Azimuth Capital Investment Management LLC now owns 128,392 shares of the consumer goods maker’s stock worth $10,580,000 after acquiring an additional 490 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BUD. Deutsche Bank Aktiengesellschaft reiterated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, July 1st. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. TD Cowen lifted their target price on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Wells Fargo & Company boosted their target price on Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.08.

Anheuser-Busch InBev SA/NV Price Performance

BUD traded down $0.63 during trading hours on Tuesday, hitting $79.72. The company’s stock had a trading volume of 5,077,630 shares, compared to its average volume of 2,125,785. The stock has a market cap of $160.97 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.15 and a beta of 0.59. The business’s 50-day moving average price is $80.82 and its 200-day moving average price is $78.38. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. Anheuser-Busch InBev SA/NV has a 12 month low of $57.79 and a 12 month high of $86.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business had revenue of $16.66 billion during the quarter, compared to analyst estimates of $16.23 billion. During the same quarter last year, the business earned $0.98 earnings per share. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 earnings per share for the current fiscal 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.