Cook & Bynum Capital Management LLC Invests $33.28 Billion in Anheuser-Busch InBev SA/NV $BUD

Cook & Bynum Capital Management LLC bought a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 403,914 shares of the consumer goods maker’s stock, valued at approximately $33,282,514,000. Anheuser-Busch InBev SA/NV comprises 24.7% of Cook & Bynum Capital Management LLC’s portfolio, making the stock its 2nd largest holding.

Several other large investors have also added to or reduced their stakes in the business. GQG Partners LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $149,778,000. Morgan Stanley boosted its position in Anheuser-Busch InBev SA/NV by 29.8% in the fourth quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after purchasing an additional 966,378 shares during the last quarter. Bank of America Corp DE boosted its position in Anheuser-Busch InBev SA/NV by 23.7% in the second quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock worth $229,831,000 after purchasing an additional 641,158 shares during the last quarter. Holocene Advisors LP bought a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $33,999,000. Finally, Fisher Asset Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock valued at $728,801,000 after purchasing an additional 368,721 shares during the period. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $78.86 on Wednesday. The company has a market capitalization of $159.23 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.22 and a beta of 0.60. The business has a fifty day simple moving average of $81.39 and a two-hundred day simple moving average of $78.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50. Anheuser-Busch InBev SA/NV has a 1 year low of $57.79 and a 1 year high of $86.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The company had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $16.23 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 4.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BUD. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. Morgan Stanley reduced their price target on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Finally, Barclays reiterated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, July 27th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Anheuser-Busch InBev SA/NV Company Profile

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.