ABC Arbitrage SA Takes Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• ABC Arbitrage SA acquired 28,113 shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) valued at approximately $1,731,000 in the first quarter.
• Goldman Sachs upgraded Anheuser-Busch InBev from a "neutral" to a "buy" rating, raising the target price from $70.10 to $88.00, while BNP Paribas issued a "strong-buy" rating.
• In its latest earnings report, Anheuser-Busch InBev delivered an EPS of $0.98, exceeding expectations, but revenue decreased by 2.1% compared to the previous year.

ABC Arbitrage SA purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,113 shares of the consumer goods maker's stock, valued at approximately $1,731,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vontobel Holding Ltd. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 2.3% during the 1st quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock valued at $473,000 after acquiring an additional 174 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 1.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker's stock valued at $1,046,000 after acquiring an additional 179 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 23.5% during the 1st quarter. Laurel Wealth Advisors LLC now owns 1,050 shares of the consumer goods maker's stock valued at $65,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker's stock valued at $71,000 after acquiring an additional 246 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,961 shares of the consumer goods maker's stock valued at $305,000 after acquiring an additional 281 shares in the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $70.10 to $88.00 in a report on Monday, May 12th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of "Buy" and a consensus price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock traded up $0.64 on Friday, reaching $61.99. 2,112,401 shares of the stock were exchanged, compared to its average volume of 2,758,715. The stock has a market cap of $111.41 billion, a PE ratio of 17.41, a PEG ratio of 1.87 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The firm has a fifty day moving average price of $67.99 and a two-hundred day moving average price of $63.23.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. Sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

About Anheuser-Busch InBev SA/NV

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.