Alberta Investment Management Corp Grows Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Alberta Investment Management Corp has increased its stake in Anheuser-Busch InBev SA/NV by 34.0%, owning 763,800 shares valued at approximately $47 million after acquiring an additional 193,800 shares in the first quarter.
• Several other institutional investors have also raised their holdings in Anheuser-Busch InBev, with notable increases from Clarkston Capital Partners LLC (+30.3%) and Sequoia Financial Advisors LLC (+224.7%).
• Anheuser-Busch InBev has seen mixed ratings from analysts, with upgrades from Goldman Sachs increasing the target price to $88.00 and a consensus rating of Buy among analysts.

Alberta Investment Management Corp increased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 34.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 763,800 shares of the consumer goods maker's stock after purchasing an additional 193,800 shares during the period. Alberta Investment Management Corp's holdings in Anheuser-Busch InBev SA/NV were worth $47,020,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 18.9% in the fourth quarter. American Century Companies Inc. now owns 214,637 shares of the consumer goods maker's stock worth $10,747,000 after acquiring an additional 34,059 shares in the last quarter. LPL Financial LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 32.7% in the fourth quarter. LPL Financial LLC now owns 160,261 shares of the consumer goods maker's stock worth $8,024,000 after acquiring an additional 39,483 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 28.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 18,802 shares of the consumer goods maker's stock worth $941,000 after acquiring an additional 4,192 shares in the last quarter. Summit Financial LLC bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter worth approximately $431,000. Finally, Franklin Resources Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 2.8% in the fourth quarter. Franklin Resources Inc. now owns 17,340 shares of the consumer goods maker's stock worth $868,000 after acquiring an additional 477 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BUD shares. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their target price for the company from $70.10 to $88.00 in a report on Monday, May 12th. Finally, Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus 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 down $0.49 during mid-day trading on Friday, reaching $57.18. 7,416,404 shares of the company's stock were exchanged, compared to its average volume of 2,295,599. The business's fifty day simple moving average is $68.97 and its 200 day simple moving average is $62.90. The firm has a market capitalization of $102.76 billion, a PE ratio of 16.06, a P/E/G ratio of 1.43 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 24.68% and a net margin of 12.16%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share 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.