Brooklyn Investment Group grew its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 874.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,711 shares of the consumer goods maker's stock after buying an additional 8,714 shares during the quarter. Brooklyn Investment Group's holdings in Anheuser-Busch InBev SA/NV were worth $598,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter worth about $32,000. Garde Capital Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth about $37,000. ST Germain D J Co. Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth about $41,000. Rossby Financial LCC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth about $49,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $40,000. 5.53% of the stock is owned by institutional investors.
Anheuser-Busch InBev SA/NV Stock Performance
BUD traded up $0.7940 on Friday, reaching $63.8540. The company had a trading volume of 1,736,240 shares, compared to its average volume of 2,954,591. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The stock has a market cap of $114.76 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.80 and a beta of 0.79. The company's fifty day moving average is $66.18 and its 200 day moving average is $64.33. 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 announced its quarterly earnings results 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%. During the same period last year, the company posted $0.90 EPS. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently weighed in on BUD shares. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their price objective 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 given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of "Buy" and an average target price of $71.50.
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About Anheuser-Busch InBev SA/NV
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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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