Anheuser-Busch InBev SA/NV $BUD Stock Holdings Trimmed by Taikang Asset Management Hong Kong Co Ltd

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 lowered its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 50.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the consumer goods maker's stock after selling 20,000 shares during the period. Taikang Asset Management Hong Kong Co Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $1,231,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. raised its stake in 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. raised its stake in 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 increased its position 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 purchasing an additional 200 shares during the period. 1832 Asset Management L.P. increased its position in shares of Anheuser-Busch InBev SA/NV by 3.5% during the 1st quarter. 1832 Asset Management L.P. now owns 7,131 shares of the consumer goods maker's stock valued at $439,000 after purchasing an additional 241 shares during the period. Finally, GAMMA Investing LLC increased its position 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 purchasing an additional 246 shares during the period. Institutional investors own 5.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports 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 lifted their price target for the company from $70.10 to $88.00 in a report on Monday, May 12th. Finally, Wall Street Zen downgraded Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

BUD opened at $63.8540 on Monday. The stock has a market cap of $114.76 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.80 and a beta of 0.79. 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 current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $66.18 and a 200 day moving average price of $64.33.

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, beating analysts' consensus estimates 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%.The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. Analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal 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.

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