Renaissance Technologies LLC Purchases 318,600 Shares of Anheuser-Busch InBev SA/NV $BUD

Renaissance Technologies LLC grew its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 64.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 810,874 shares of the consumer goods maker’s stock after acquiring an additional 318,600 shares during the period. Renaissance Technologies LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $56,250,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Balanced Rock Investment Advisors LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 1.4% in the 4th quarter. Balanced Rock Investment Advisors LLC now owns 9,185 shares of the consumer goods maker’s stock valued at $588,000 after purchasing an additional 130 shares during the period. Persium Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 1.4% in the first quarter. Persium Advisors LLC now owns 10,890 shares of the consumer goods maker’s stock worth $755,000 after purchasing an additional 152 shares during the period. Fifth Third Bancorp raised its holdings in Anheuser-Busch InBev SA/NV by 19.0% in the first quarter. Fifth Third Bancorp now owns 1,029 shares of the consumer goods maker’s stock worth $71,000 after purchasing an additional 164 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Anheuser-Busch InBev SA/NV by 0.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 46,080 shares of the consumer goods maker’s stock worth $2,747,000 after purchasing an additional 189 shares in the last quarter. Finally, Sage Rhino Capital LLC lifted its position in Anheuser-Busch InBev SA/NV by 6.5% during the first quarter. Sage Rhino Capital LLC now owns 3,370 shares of the consumer goods maker’s stock valued at $234,000 after buying an additional 207 shares during the period. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.08.

Anheuser-Busch InBev SA/NV Stock Up 0.0%

BUD stock opened at $81.67 on Monday. Anheuser-Busch InBev SA/NV has a 1-year low of $56.97 and a 1-year high of $85.56. The business has a fifty day moving average price of $81.32 and a 200-day moving average price of $76.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. The stock has a market capitalization of $159.29 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.37 and a beta of 0.59.

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

Anheuser-Busch InBev SA/NV Company 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.