International Assets Investment Management LLC Acquires New Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD)

International Assets Investment Management LLC acquired a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 211,431 shares of the consumer goods maker's stock, valued at approximately $136,630,000.

A number of other hedge funds have also recently made changes to their positions in BUD. Neuberger Berman Group LLC lifted its stake in Anheuser-Busch InBev SA/NV by 3.1% during the fourth quarter. Neuberger Berman Group LLC now owns 5,833 shares of the consumer goods maker's stock worth $350,000 after purchasing an additional 174 shares in the last quarter. Pflug Koory LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 14.0% during the fourth quarter. Pflug Koory LLC now owns 1,621 shares of the consumer goods maker's stock worth $105,000 after purchasing an additional 199 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 7.8% in the third quarter. Hazlett Burt & Watson Inc. now owns 2,748 shares of the consumer goods maker's stock valued at $151,000 after purchasing an additional 200 shares during the period. Meridian Wealth Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 4.2% in the third quarter. Meridian Wealth Management LLC now owns 5,014 shares of the consumer goods maker's stock valued at $277,000 after purchasing an additional 201 shares in the last quarter. Finally, MUFG Americas Holdings Corp increased its stake in Anheuser-Busch InBev SA/NV by 6.1% during the 3rd quarter. MUFG Americas Holdings Corp now owns 3,527 shares of the consumer goods maker's stock worth $159,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Up 0.7 %

Shares of BUD traded up $0.42 during midday trading on Friday, reaching $59.96. The stock had a trading volume of 2,004,459 shares, compared to its average volume of 2,820,297. The company has a market cap of $104.16 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.88 and a beta of 1.13. The company's fifty day simple moving average is $61.87 and its two-hundred day simple moving average is $60.58. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $66.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.06. The company had revenue of $14.47 billion for the quarter, compared to analysts' expectations of $15.34 billion. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. During the same period last year, the firm earned $0.98 earnings per share. Equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BUD shares. Jefferies Financial Group raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and raised their price target for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. BNP Paribas cut Anheuser-Busch InBev SA/NV from an "outperform" rating to a "neutral" rating in a research note on Friday, January 12th. Finally, TD Cowen lowered their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.70.

Anheuser-Busch InBev SA/NV Company 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.