6,304 Shares in Anheuser-Busch InBev SA/NV $BUD Bought by ICONIQ Capital LLC

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 Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,304 shares of the consumer goods maker's stock, valued at approximately $388,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. ABC Arbitrage SA acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $1,731,000. Sequoia Financial Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 224.7% during 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 lifted its position in Anheuser-Busch InBev SA/NV by 31.7% during 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 acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $2,341,000. Finally, Penserra Capital Management LLC lifted its position in Anheuser-Busch InBev SA/NV by 24.7% during 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 institutional investors and hedge funds.

Analysts Set New Price Targets

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

Anheuser-Busch InBev SA/NV Stock Down 0.1%

Shares of Anheuser-Busch InBev SA/NV stock traded down $0.05 on Friday, hitting $62.60. 1,490,537 shares of the company's stock traded hands, compared to its average volume of 2,470,889. The stock has a market cap of $112.50 billion, a P/E ratio of 17.58, a PEG ratio of 1.76 and a beta of 0.79. 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 is $65.36 and its 200 day moving average is $64.65. 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 released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 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%.The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. Equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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.