Curi RMB Capital LLC Acquires New Stake in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Curi RMB Capital LLC has acquired a new stake in Anheuser-Busch InBev SA/NV, purchasing 113,244 shares valued at approximately $6.97 million.
• Major investors such as ABC Arbitrage SA and Sequoia Financial Advisors LLC have also made significant changes to their positions in BUD, indicating a growing institutional interest in the stock.
• Analysts have mixed perspectives on BUD, with BNP Paribas upgrading it to a "strong-buy" while Wall Street Zen downgraded it to a "hold", yet the overall consensus rating remains a "Buy" with an average price target of $71.50.

Curi RMB Capital LLC bought a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 113,244 shares of the consumer goods maker's stock, valued at approximately $6,971,000.

A number of other large investors have also recently made changes to their positions in BUD. ABC Arbitrage SA bought a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth about $1,731,000. Sequoia Financial Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 224.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker's stock worth $1,555,000 after acquiring an additional 17,476 shares in the last quarter. Merit Financial Group LLC grew its stake in Anheuser-Busch InBev SA/NV by 31.7% in the 1st quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker's stock worth $901,000 after acquiring an additional 3,526 shares in the last quarter. Pinnacle Financial Partners Inc bought a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $2,341,000. Finally, Penserra Capital Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 24.7% in the 1st quarter. Penserra Capital Management LLC now owns 2,553 shares of the consumer goods maker's stock worth $157,000 after acquiring an additional 506 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BUD shares. BNP Paribas raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price target for the stock from $70.10 to $88.00 in a research 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 research report on Sunday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $59.20 on Friday. 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 company has a market cap of $106.39 billion, a PE ratio of 16.63, a P/E/G ratio of 1.68 and a beta of 0.79. The firm's 50 day moving average price is $64.63 and its 200-day moving average price is $64.77. 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 announced its 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 return on equity of 16.21% and a net margin of 12.16%.During the same quarter in the previous year, the firm posted $0.90 EPS. Anheuser-Busch InBev SA/NV's revenue was down 2.1% compared to the same quarter last year. Sell-side 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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