Icon Advisers Inc. Co. Has $916,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Icon Advisers Inc. Co. lessened its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,300 shares of the consumer goods maker’s stock after selling 500 shares during the period. Icon Advisers Inc. Co.’s holdings in Anheuser-Busch InBev SA/NV were worth $916,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BUD. R Squared Ltd bought a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth $30,000. Rakuten Securities Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 2,722.7% in the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after acquiring an additional 599 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $36,000. Empowered Funds LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $49,000. Finally, Hurley Capital LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $49,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 2.8 %

NYSE BUD opened at $62.39 on Monday. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49. The stock’s fifty day moving average price is $58.81 and its 200-day moving average price is $56.58. The stock has a market cap of $112.13 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.73 and a beta of 0.80. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The company had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.07 billion. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BUD shares. TD Cowen reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Thursday, March 27th. Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Buy” and a consensus price target of $66.00.

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.