Everett Harris & Co. CA Purchases 8,917 Shares of Anheuser-Busch InBev SA/NV $BUD

Everett Harris & Co. CA grew its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,815 shares of the consumer goods maker’s stock after purchasing an additional 8,917 shares during the quarter. Everett Harris & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $15,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 53.7% during the third quarter. Victory Capital Management Inc. now owns 828,670 shares of the consumer goods maker’s stock worth $49,397,000 after acquiring an additional 289,431 shares during the last quarter. Caprock Group LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $818,000. Aquatic Capital Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $5,355,000. Fisher Asset Management LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock worth $728,801,000 after acquiring an additional 368,721 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its position in shares of Anheuser-Busch InBev SA/NV by 30.4% during the third quarter. Alberta Investment Management Corp now owns 730,000 shares of the consumer goods maker’s stock worth $43,515,000 after acquiring an additional 170,000 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BUD. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, May 6th. DZ Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. SBG Securities lowered shares of Anheuser-Busch InBev SA/NV to a “hold” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. increased their price objective on shares of Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.42.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $78.77 on Tuesday. Anheuser-Busch InBev SA/NV has a 52 week low of $56.97 and a 52 week high of $84.46. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $77.02 and a two-hundred day simple moving average of $71.91. The firm has a market capitalization of $153.63 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 16.34%. The business had revenue of $15.27 billion during the quarter. Analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.32 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.