Anheuser-Busch InBev SA/NV $BUD Shares Sold by Causeway Capital Management LLC

Causeway Capital Management LLC reduced its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,686 shares of the consumer goods maker’s stock after selling 37,791 shares during the period. Causeway Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $36,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Salomon & Ludwin LLC lifted its stake in Anheuser-Busch InBev SA/NV by 494.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after purchasing an additional 371 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $35,000. Mather Group LLC. purchased a new position in Anheuser-Busch InBev SA/NV during the third quarter worth approximately $34,000. Rexford Capital Inc. purchased a new position in Anheuser-Busch InBev SA/NV during the second quarter worth approximately $55,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter worth $53,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BUD. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 6th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 12th. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Anheuser-Busch InBev SA/NV Stock Down 0.7%

Anheuser-Busch InBev SA/NV stock opened at $73.14 on Tuesday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $56.97 and a fifty-two week high of $81.56. The firm has a 50 day moving average price of $72.50 and a 200 day moving average price of $65.34. The company has a market capitalization of $142.66 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $15.48 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.Anheuser-Busch InBev SA/NV’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Anheuser-Busch InBev SA/NV 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.