Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Connor Clark & Lunn Investment Management Ltd. has acquired a new position in Anheuser-Busch InBev SA/NV valued at approximately $1.18 million by purchasing 19,206 shares during the first quarter.
• Several large investors, including The Manufacturers Life Insurance Company and Northern Trust Corp, have also recently increased their stakes in Anheuser-Busch, indicating growing interest among institutional investors.
• Wall Street analysts have mixed ratings for Anheuser-Busch, with two analysts"Buy."

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,206 shares of the consumer goods maker's stock, valued at approximately $1,182,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vontobel Holding Ltd. increased its stake in Anheuser-Busch InBev SA/NV by 2.3% in the 1st quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock worth $473,000 after buying an additional 174 shares during the period. Crossmark Global Holdings Inc. grew its stake in Anheuser-Busch InBev SA/NV by 1.1% in 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 in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 23.5% during the first 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 period. GAMMA Investing LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 27.0% during the first quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker's stock worth $71,000 after acquiring an additional 246 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Anheuser-Busch InBev SA/NV by 6.0% during the first quarter. Rehmann Capital Advisory Group now owns 4,961 shares of the consumer goods maker's stock valued at $305,000 after acquiring an additional 281 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Down 0.0%

Anheuser-Busch InBev SA/NV stock traded down $0.0020 during mid-day trading on Thursday, reaching $63.0880. 1,243,793 shares of the company were exchanged, compared to its average volume of 2,957,365. The business has a fifty day moving average of $66.32 and a 200 day moving average of $64.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The firm has a market cap of $113.38 billion, a P/E ratio of 17.72, a PEG ratio of 1.92 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month 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 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%.Anheuser-Busch InBev SA/NV's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. Research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. 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 stock from $70.10 to $88.00 in a research note on Monday, May 12th. BNP Paribas upgraded 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 research note 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $71.50.

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.