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

International Assets Investment Management LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 233,272 shares of the consumer goods maker’s stock, valued at approximately $154,640,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BUD. Koss Olinger Consulting LLC raised its holdings in Anheuser-Busch InBev SA/NV by 146.9% during the first quarter. Koss Olinger Consulting LLC now owns 63,242 shares of the consumer goods maker’s stock worth $3,844,000 after purchasing an additional 37,632 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at $106,000. Naviter Wealth LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 19.6% in the 1st quarter. Naviter Wealth LLC now owns 22,261 shares of the consumer goods maker’s stock valued at $1,353,000 after acquiring an additional 3,649 shares during the period. Everett Harris & Co. CA increased its holdings in shares of Anheuser-Busch InBev SA/NV by 0.8% in the 1st quarter. Everett Harris & Co. CA now owns 277,437 shares of the consumer goods maker’s stock valued at $16,863,000 after acquiring an additional 2,140 shares during the period. Finally, Cordatus Wealth Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 5.4% in the 1st quarter. Cordatus Wealth Management LLC now owns 7,902 shares of the consumer goods maker’s stock valued at $480,000 after acquiring an additional 404 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BUD shares. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their target price for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, Morgan Stanley lifted their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $63.94 on Friday. The firm has a market capitalization of $114.91 billion, a P/E ratio of 26.87, a PEG ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a one year low of $52.74 and a one year high of $67.49. The company’s fifty day moving average is $63.78 and its two-hundred day moving average is $61.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. The company had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. During the same period in the previous year, the firm earned $0.72 EPS. Analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current fiscal year.

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.