Engineers Gate Manager LP Has $3.88 Million Stock Position in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Engineers Gate Manager LP cut its Anheuser-Busch InBev stake by 56.6% in the second quarter, selling 61,526 shares and retaining 47,086 shares valued at approximately $3.88 million.
• Several other institutional investors increased their positions, including Wellington Management, which expanded its holdings by more than 3.16 million shares. Institutional investors collectively own 5.53% of BUD stock.
• Anheuser-Busch InBev exceeded quarterly earnings and revenue expectations, reporting $1.21 EPS and $16.66 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.08.

Engineers Gate Manager LP cut its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 56.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,086 shares of the consumer goods maker's stock after selling 61,526 shares during the period. Engineers Gate Manager LP's holdings in Anheuser-Busch InBev SA/NV were worth $3,880,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BUD. Fisher Asset Management LLC raised its holdings in Anheuser-Busch InBev SA/NV by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker's stock valued at $728,801,000 after acquiring an additional 368,721 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 121,435 shares of the consumer goods maker's stock worth $8,424,000 after acquiring an additional 13,877 shares during the period. Renaissance Technologies LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 64.7% in the first quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker's stock valued at $56,250,000 after purchasing an additional 318,600 shares during the last quarter. Cook & Bynum Capital Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth approximately $33,282,514. Finally, Wellington Management Group LLP lifted its holdings in Anheuser-Busch InBev SA/NV by 10,464.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker's stock worth $262,876,000 after purchasing an additional 3,160,049 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE:BUD opened at $78.25 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $158.00 billion, a PE ratio of 16.58, a PEG ratio of 1.11 and a beta of 0.59. The firm has a 50 day moving average of $80.58 and a 200-day moving average of $78.38. Anheuser-Busch InBev SA/NV has a 12 month low of $57.79 and a 12 month high of $86.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business had revenue of $16.66 billion for the quarter, compared to analysts' expectations of $16.23 billion. During the same period last year, the firm posted $0.98 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Sanford C. Bernstein reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Morgan Stanley reduced their target price on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating for the company in a research report on Thursday, July 2nd. TD Cowen boosted their target price on shares of Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a "hold" rating in a research report on Friday, June 26th. Finally, UBS Group restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.08.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck's, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch's U.S.

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