Russell Investments Group Ltd. Grows Stake in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Russell Investments Group Ltd. increased its holdings in Anheuser-Busch InBev SA/NV by 165.9% during the first quarter, resulting in a stake worth $420,000.
• Several new hedge funds have acquired positions in Anheuser-Busch, contributing to 5.53% of the stock being owned by institutional investors and hedge funds.
• Analyst ratings for Anheuser-Busch are mixed, with BNP Paribas upgrading the stock to a "strong-buy" while Wall Street Zen downgraded it to a "hold," reflecting diverse market sentiments.

Russell Investments Group Ltd. boosted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 165.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,826 shares of the consumer goods maker's stock after buying an additional 4,259 shares during the period. Russell Investments Group Ltd.'s holdings in Anheuser-Busch InBev SA/NV were worth $420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ABC Arbitrage SA bought a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at $1,731,000. Sequoia Financial Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 224.7% in the first quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker's stock valued at $1,555,000 after purchasing an additional 17,476 shares in the last quarter. Merit Financial Group LLC increased its stake in Anheuser-Busch InBev SA/NV by 31.7% in the first quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker's stock valued at $901,000 after purchasing an additional 3,526 shares in the last quarter. Pinnacle Financial Partners Inc bought a new stake in Anheuser-Busch InBev SA/NV in the first 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 first quarter. Penserra Capital Management LLC now owns 2,553 shares of the consumer goods maker's stock valued at $157,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Down 0.5%

BUD stock traded down $0.33 during trading on Thursday, reaching $59.24. The stock had a trading volume of 1,270,108 shares, compared to its average volume of 2,389,861. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one 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 company's 50 day moving average is $64.83 and its two-hundred day moving average is $64.73. The company has a market capitalization of $106.46 billion, a price-to-earnings ratio of 16.64, 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 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 net margin of 12.16% and a return on equity of 16.21%. During the same period in the prior year, the business posted $0.90 earnings per share. The firm's revenue was down 2.1% on a year-over-year basis. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analyst Ratings Changes

BUD has been the subject of several research analyst reports. Wall Street Zen downgraded shares of 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 shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their price target for the company from $70.10 to $88.00 in a research note on Monday, May 12th. Finally, 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. Three 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. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price 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.