Walleye Capital LLC Grows Holdings in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Walleye Capital LLC significantly increased its holdings in Anheuser-Busch InBev SA/NV, acquiring an additional 23,394 shares for a total of 27,818 shares, representing a 528.8% increase in the first quarter.
• Anheuser-Busch InBev reported earnings of **$0.98 per share**, surpassing analysts' expectations of $0.94, though its revenue has decreased by 2.1% year-over-year.
• Analysts have mixed ratings for the stock, with Goldman Sachs upgrading it to a "buy" and predicting a target price increase to **$88.00**, while others have downgraded their ratings.

Walleye Capital LLC grew its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 528.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,818 shares of the consumer goods maker's stock after acquiring an additional 23,394 shares during the period. Walleye Capital LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 2.3% in the first 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. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 1.1% in the first 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 boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 23.5% in the first 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. 1832 Asset Management L.P. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 3.5% in the first quarter. 1832 Asset Management L.P. now owns 7,131 shares of the consumer goods maker's stock valued at $439,000 after acquiring an additional 241 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 27.0% in the first 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. Hedge funds and other institutional investors own 5.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BUD shares. 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. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD traded down $1.31 during trading hours on Tuesday, reaching $61.36. The company's stock had a trading volume of 1,912,947 shares, compared to its average volume of 2,388,808. The stock has a market cap of $110.28 billion, a PE ratio of 17.24, a PEG ratio of 1.76 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The company's 50-day moving average is $65.19 and its two-hundred day moving average is $64.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, beating 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 quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. Analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV 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.