Raymond James Financial Inc. Takes Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Raymond James Financial Inc. acquired a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 745,178 shares of the consumer goods maker’s stock, valued at approximately $37,311,000.

Other large investors also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership bought a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth $56,849,000. Alberta Investment Management Corp bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $28,540,000. Clarkston Capital Partners LLC raised its stake in Anheuser-Busch InBev SA/NV by 30.3% during the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker’s stock worth $74,797,000 after acquiring an additional 347,000 shares during the period. Renaissance Technologies LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 27.9% in the fourth quarter. Renaissance Technologies LLC now owns 997,700 shares of the consumer goods maker’s stock worth $49,955,000 after purchasing an additional 217,700 shares during the period. Finally, Trexquant Investment LP increased its stake in shares of Anheuser-Busch InBev SA/NV by 884.4% in the fourth quarter. Trexquant Investment LP now owns 219,149 shares of the consumer goods maker’s stock worth $10,973,000 after purchasing an additional 196,887 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 0.1 %

BUD opened at $63.30 on Wednesday. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49. The stock has a fifty day moving average price of $59.35 and a 200-day moving average price of $56.61. The firm has a market cap of $113.76 billion, a price-to-earnings ratio of 19.54, a PEG 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 announced its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Anheuser-Busch InBev SA/NV

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.