Causeway Capital Management LLC Boosts Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Causeway Capital Management LLC increased its stake in Anheuser-Busch InBev SA/NV by 20.5% in the first quarter, owning a total of 691,917 shares valued at approximately $42.6 million.
• Anheuser-Busch InBev's stock has a market capitalization of $113.42 billion with a one-year price range between $45.94 and $72.13.
• The company reported earnings of $0.98 per share for the last quarter, exceeding analysts' expectations, while overall revenue declined by 2.1% year-over-year.

Causeway Capital Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 20.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691,917 shares of the consumer goods maker's stock after purchasing an additional 117,619 shares during the period. Causeway Capital Management LLC's holdings in Anheuser-Busch InBev SA/NV were worth $42,594,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vontobel Holding Ltd. lifted its holdings in shares of 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 worth $473,000 after acquiring an additional 174 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of 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 worth $1,046,000 after acquiring an additional 179 shares during the last quarter. Laurel Wealth Advisors LLC lifted its holdings 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 worth $65,000 after acquiring an additional 200 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in 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 worth $439,000 after purchasing an additional 241 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in 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 worth $71,000 after purchasing an additional 246 shares during the last quarter. 5.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on BUD. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Finally, 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. Three 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Trading Down 0.1%

Shares of NYSE:BUD traded down $0.05 during midday trading on Friday, hitting $62.60. 1,490,537 shares of the stock traded hands, compared to its average volume of 2,470,889. The stock has a market capitalization of $112.50 billion, a PE ratio of 17.58, a P/E/G ratio of 1.76 and a beta of 0.79. The business's 50 day moving average is $65.36 and its two-hundred day moving average is $64.65. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $0.90 EPS. Anheuser-Busch InBev SA/NV's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts forecast 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.