OLD Mission Capital LLC Increases Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

OLD Mission Capital LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 45.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 345,049 shares of the consumer goods maker’s stock after purchasing an additional 108,146 shares during the period. Anheuser-Busch InBev SA/NV accounts for about 0.3% of OLD Mission Capital LLC’s investment portfolio, making the stock its 27th biggest holding. OLD Mission Capital LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $17,277,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock worth $3,836,000 after acquiring an additional 15,837 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $28,540,000. B&D White Capital Company LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $290,000. Blue Trust Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 15.8% during the fourth quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock worth $171,000 after buying an additional 464 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $37,311,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. 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. Argus raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, March 27th. Finally, TD Cowen lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $66.00.

Anheuser-Busch InBev SA/NV Stock Down 0.9 %

Shares of NYSE:BUD opened at $61.49 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $110.51 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The stock’s fifty day simple moving average is $56.17 and its 200-day simple moving average is $56.77.

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

Anheuser-Busch InBev SA/NV Company 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.