First Manhattan CO. LLC. Buys 82,454 Shares of Anheuser-Busch InBev SA/NV $BUD

Key Points

• First Manhattan CO. LLC increased its ownership in Anheuser-Busch InBev SA/NV by 23.3%, adding 82,454 shares to reach a total of 437,077 shares worth approximately $26.9 million.
• Anheuser-Busch InBev recently reported earnings of $0.98 EPS, exceeding analyst expectations, although its quarterly revenue declined by 2.1% year-over-year.
• A mix of analysts have rated Anheuser-Busch InBev with recommendations ranging from "Strong Buy" to "Hold," with an average target price of $71.50.

First Manhattan CO. LLC. raised its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 23.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 437,077 shares of the consumer goods maker's stock after buying an additional 82,454 shares during the period. First Manhattan CO. LLC.'s holdings in Anheuser-Busch InBev SA/NV were worth $26,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at $1,731,000. Sequoia Financial Advisors LLC increased 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 valued at $1,555,000 after buying an additional 17,476 shares during the last quarter. Merit Financial Group LLC increased 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 valued at $901,000 after buying an additional 3,526 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at $2,341,000. Finally, Penserra Capital Management LLC increased 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 valued at $157,000 after buying an additional 506 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Three 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $71.50.

Anheuser-Busch InBev SA/NV Trading Down 0.6%

BUD traded down $0.36 during midday trading on Thursday, hitting $59.20. 2,760,715 shares of the company were exchanged, compared to its average volume of 2,399,099. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13. 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's 50 day moving average price is $64.83 and its 200-day moving average price is $64.73. The firm has a market capitalization of $106.39 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.76 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping 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 firm earned $0.90 earnings per share. The business's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal 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.