Fox Run Management L.L.C. Makes New Investment in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Anheuser-Busch InBev SA/NV worth approximately $1.40 million, purchasing 22,684 shares during the first quarter.
• Goldman Sachs upgraded the stock rating from "neutral" to "buy" and increased the target price from $70.10 to $88.00, while other analysts like BNP Paribas have rated it a "strong buy."
• Despite a 2.1% year-over-year revenue decline, Anheuser-Busch InBev posted earnings of $0.98 per share, surpassing analysts' expectations of $0.94.

Fox Run Management L.L.C. purchased a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,684 shares of the consumer goods maker's stock, valued at approximately $1,396,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted 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 acquiring an additional 174 shares in the last quarter. Crossmark Global Holdings Inc. lifted 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 lifted its stake in Anheuser-Busch InBev SA/NV by 23.5% in the 1st 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 in the last quarter. GAMMA Investing LLC lifted its stake in Anheuser-Busch InBev SA/NV by 27.0% in the 1st 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 in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Anheuser-Busch InBev SA/NV by 6.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 4,961 shares of the consumer goods maker's stock worth $305,000 after acquiring an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Up 1.2%

Shares of NYSE BUD traded up $0.72 during mid-day trading on Friday, reaching $61.40. 2,181,842 shares of the company traded hands, compared to its average volume of 2,894,362. 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 stock has a market cap of $110.35 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.87 and a beta of 0.79. The company's fifty day moving average is $67.01 and its two-hundred day moving average is $63.76. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13.

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

Analyst Ratings Changes

BUD has been the subject of several research analyst reports. Wall Street Zen downgraded Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and upped their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Finally, BNP Paribas raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV 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.