Taikang Asset Management Hong Kong Co Ltd Has $1.23 Million Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Taikang Asset Management Hong Kong Co Ltd has reduced its holdings in Anheuser-Busch InBev SA/NV by 50% in the first quarter, leaving it with 20,000 shares valued at approximately $1.23 million.
• Various hedge funds have adjusted their stakes in the company, with Vontobel Holding Ltd. increasing its stake by 2.3%, while other firms like GAMMA Investing LLC raised their positions significantly during the same period.
• Wall Street analysts have mixed views on the stock, with upgrades from BNP Paribas and Goldman Sachs, counterbalanced by a downgrade from Wall Street Zen, resulting in a consensus rating of "Buy" with a target price of $71.50.

Taikang Asset Management Hong Kong Co Ltd reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the consumer goods maker's stock after selling 20,000 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $1,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BUD. Invesco Ltd. bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter worth $3,637,000. NewEdge Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 12.5% in the fourth quarter. NewEdge Advisors LLC now owns 8,227 shares of the consumer goods maker's stock worth $412,000 after purchasing an additional 912 shares during the period. First Trust Advisors LP bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter worth $585,000. Dimensional Fund Advisors LP lifted its position in Anheuser-Busch InBev SA/NV by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 102,196 shares of the consumer goods maker's stock worth $5,117,000 after purchasing an additional 2,486 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 28.2% in the fourth quarter. OneDigital Investment Advisors LLC now owns 5,890 shares of the consumer goods maker's stock worth $295,000 after purchasing an additional 1,296 shares during the period. 5.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BUD has been the subject of several research reports. Wall Street Zen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. BNP Paribas raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock traded down $0.05 during mid-day trading on Friday, hitting $62.60. 1,490,537 shares of the company were exchanged, compared to its average volume of 2,470,889. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $65.36 and a 200 day moving average of $64.65. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13. The company has a market capitalization of $112.50 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.During the same quarter last year, the company earned $0.90 earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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.