M&R Capital Management Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,668 shares of the consumer goods maker’s stock, valued at approximately $95,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sigma Planning Corp increased its position in Anheuser-Busch InBev SA/NV by 15.4% during the first quarter. Sigma Planning Corp now owns 6,744 shares of the consumer goods maker’s stock worth $450,000 after acquiring an additional 902 shares during the period. Ballentine Partners LLC bought a new position in Anheuser-Busch InBev SA/NV during the first quarter worth $216,000. Simplicity Solutions LLC increased its position in Anheuser-Busch InBev SA/NV by 40.3% during the first quarter. Simplicity Solutions LLC now owns 15,815 shares of the consumer goods maker’s stock worth $1,055,000 after acquiring an additional 4,545 shares during the period. Envestnet Asset Management Inc. increased its position in Anheuser-Busch InBev SA/NV by 7.2% during the first quarter. Envestnet Asset Management Inc. now owns 414,757 shares of the consumer goods maker’s stock worth $25,224,000 after acquiring an additional 27,981 shares during the period. Finally, First Hawaiian Bank increased its position in Anheuser-Busch InBev SA/NV by 1.4% during the first quarter. First Hawaiian Bank now owns 31,493 shares of the consumer goods maker’s stock worth $2,102,000 after acquiring an additional 438 shares during the period. Institutional investors own 5.53% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Anheuser-Busch InBev SA/NV from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $64.00 to $68.50 in a research note on Thursday, July 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. StockNews.com initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Evercore ISI reduced their target price on shares of Anheuser-Busch InBev SA/NV from $80.00 to $70.00 in a research note on Thursday, June 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $66.07.
Anheuser-Busch InBev SA/NV Price Performance
Shares of NYSE:BUD traded up $0.36 on Thursday, hitting $56.38. The stock had a trading volume of 540,418 shares, compared to its average volume of 2,074,235. The firm’s 50 day moving average price is $56.85 and its 200-day moving average price is $59.35. The company has a market capitalization of $97.94 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.64. Anheuser-Busch InBev SA/NV has a twelve month low of $44.51 and a twelve month high of $67.09.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The consumer goods maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $15.33 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.59% and a return on equity of 14.69%. During the same quarter in the prior year, the company earned $0.73 EPS. On average, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.06 earnings per share for the current year.
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV produces, distributes, 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.
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