Greenwood Capital Associates LLC Purchases Shares of 52,410 Anheuser-Busch InBev SA/NV $BUD

Greenwood Capital Associates LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 52,410 shares of the consumer goods maker’s stock, valued at approximately $3,636,000.

Several other institutional investors have also modified their holdings of BUD. AQR Capital Management LLC raised its stake in Anheuser-Busch InBev SA/NV by 52.9% during the 1st quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock worth $556,000 after acquiring an additional 3,127 shares in the last quarter. NewEdge Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 7.8% in the first quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock valued at $546,000 after acquiring an additional 642 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after acquiring an additional 265,783 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Anheuser-Busch InBev SA/NV by 40.1% in the second quarter. Russell Investments Group Ltd. now owns 9,562 shares of the consumer goods maker’s stock valued at $657,000 after acquiring an additional 2,736 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth about $120,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $79.14 on Thursday. The stock’s 50-day moving average price is $80.92 and its 200 day moving average price is $74.92. 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 stock has a market capitalization of $154.36 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.33 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a 52-week low of $56.97 and a 52-week high of $85.56.

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

Analysts Set New Price Targets

BUD has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 7th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Barclays reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. Finally, Morgan Stanley decreased their price objective on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.08.

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.