ICONIQ Capital LLC Makes New Investment in Anheuser-Busch InBev SA/NV $BUD

Key Points

• ICONIQ Capital LLC has acquired a new stake in Anheuser-Busch InBev, purchasing 6,304 shares valued at approximately $388,000 in Q1.
• Analysts have mixed opinions on Anheuser-Busch, with Wall Street Zen downgrading its rating to "hold," while BNP Paribas upgraded it to "strong-buy."
• Anheuser-Busch reported a net margin of 12.16% with quarterly earnings of $0.98 EPS, exceeding the consensus estimate of $0.94.

ICONIQ Capital LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,304 shares of the consumer goods maker's stock, valued at approximately $388,000.

A number of other hedge funds have also recently made changes to their positions in the business. Invesco Ltd. bought a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $3,637,000. NewEdge Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 12.5% during the fourth quarter. NewEdge Advisors LLC now owns 8,227 shares of the consumer goods maker's stock valued at $412,000 after purchasing an additional 912 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $585,000. Dimensional Fund Advisors LP lifted its position in shares of Anheuser-Busch InBev SA/NV by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 102,196 shares of the consumer goods maker's stock valued at $5,117,000 after purchasing an additional 2,486 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Anheuser-Busch InBev SA/NV by 28.2% in the fourth quarter. OneDigital Investment Advisors LLC now owns 5,890 shares of the consumer goods maker's stock worth $295,000 after acquiring an additional 1,296 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD traded down $0.12 during mid-day trading on Thursday, hitting $62.67. 2,005,207 shares of the stock traded hands, compared to its average volume of 2,397,173. The company has a market cap of $112.63 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.76 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. The business's 50-day moving average price is $65.70 and its 200 day moving average price is $64.39. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79.

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 earnings per share (EPS) for the quarter, topping 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 firm'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 earned $0.90 EPS. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on BUD shares. BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Finally, Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $71.50.

About Anheuser-Busch InBev SA/NV

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.