Pinnacle Associates Ltd. Purchases Shares of 4,985 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pinnacle Associates Ltd. bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,985 shares of the consumer goods maker's stock, valued at approximately $307,000.

A number of other large investors also recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $32,000. Garde Capital Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $37,000. Measured Risk Portfolios Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth $40,000. ST Germain D J Co. Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $41,000. Finally, Hurley Capital LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth $49,000. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Down 0.3%

NYSE:BUD traded down $0.18 during trading hours on Friday, reaching $57.49. The company's stock had a trading volume of 4,258,117 shares, compared to its average volume of 2,398,595. The company has a market cap of $103.32 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.67 and a beta of 0.82. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13. The business's 50-day moving average is $69.21 and its 200-day moving average is $62.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.70 and a quick ratio of 0.54.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.09. Anheuser-Busch InBev SA/NV had a net margin of 11.74% and a return on equity of 16.09%. During the same quarter in the previous year, the business earned $0.90 earnings per share. Anheuser-Busch InBev SA/NV's quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BUD. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and upped their price target for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Finally, BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Company 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.