Clarkston Capital Partners LLC Grows Stock Position in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Clarkston Capital Partners LLC increased its stake in Anheuser-Busch InBev SA/NV by 0.3%, holding approximately 1.5 million shares valued at $92.2 million at the end of the last quarter.
• Recent analyst ratings have been mixed, with Goldman Sachs upgrading the stock to a "buy" and raising the price target from $70.10 to $88.00, while Wall Street Zen downgraded it from "buy" to "hold".
• Anheuser-Busch InBev reported $0.98 EPS in its latest earnings, surpassing analysts' expectations of $0.94, despite a 2.1% decline in quarterly revenue compared to the previous year.

Clarkston Capital Partners LLC grew its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,498,297 shares of the consumer goods maker's stock after purchasing an additional 4,455 shares during the period. Anheuser-Busch InBev SA/NV makes up 1.8% of Clarkston Capital Partners LLC's holdings, making the stock its 20th largest position. Clarkston Capital Partners LLC owned approximately 0.08% of Anheuser-Busch InBev SA/NV worth $92,235,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BUD. NBC Securities Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at about $32,000. Garde Capital Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at about $37,000. Measured Risk Portfolios Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $40,000. ST Germain D J Co. Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at about $41,000. Finally, Rossby Financial LCC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at about $49,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BUD. The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price objective for the company from $70.10 to $88.00 in a report on Monday, May 12th. BNP Paribas raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Stock Up 1.3%

Anheuser-Busch InBev SA/NV stock opened at $63.0560 on Thursday. 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 firm has a market cap of $113.32 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.79. The business's 50-day moving average price is $66.50 and its 200 day moving average price is $63.92. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings results 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 net margin of 12.16% and a return on equity of 16.21%. During the same period in the previous year, the company posted $0.90 EPS. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share 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.

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