Quintet Private Bank Europe S.A. Raises Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Quintet Private Bank Europe S.A. lifted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 15.4% during the third quarter, Holdings Channel reports. The institutional investor owned 3,290 shares of the consumer goods maker’s stock after purchasing an additional 439 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Anheuser-Busch InBev SA/NV were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BUD. Capital International Investors grew its stake in Anheuser-Busch InBev SA/NV by 1.8% during the first quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock valued at $131,504,000 after acquiring an additional 38,747 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 36.8% during the first quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock valued at $125,389,000 after buying an additional 555,362 shares during the period. Seafarer Capital Partners LLC grew its position in Anheuser-Busch InBev SA/NV by 20.2% in the 1st quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock valued at $57,863,000 after acquiring an additional 160,000 shares during the last quarter. Armistice Capital LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 19.5% in the second quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock worth $48,788,000 after purchasing an additional 137,000 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Anheuser-Busch InBev SA/NV by 33.7% during the second quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock worth $42,244,000 after acquiring an additional 183,301 shares during the period. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD traded down $0.20 on Monday, hitting $59.10. The company had a trading volume of 350,959 shares, compared to its average volume of 1,584,004. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company’s fifty day moving average price is $63.94 and its 200-day moving average price is $62.17. The company has a market capitalization of $106.21 billion, a PE ratio of 18.30, a PEG ratio of 1.63 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 12-month low of $57.09 and a 12-month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The firm had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 11.47%. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 3.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BUD. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their price objective for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Morgan Stanley increased their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.00.

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.