Perpetual Ltd Acquires 14,532 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Perpetual Ltd increased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,567 shares of the consumer goods maker’s stock after purchasing an additional 14,532 shares during the period. Perpetual Ltd’s holdings in Anheuser-Busch InBev SA/NV were worth $10,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BUD. Covenant Partners LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 24.3% during the 4th quarter. Covenant Partners LLC now owns 7,406 shares of the consumer goods maker’s stock worth $479,000 after buying an additional 1,446 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $305,000. Integrated Advisors Network LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 33.4% during the 4th quarter. Integrated Advisors Network LLC now owns 5,260 shares of the consumer goods maker’s stock worth $340,000 after purchasing an additional 1,317 shares in the last quarter. Syon Capital LLC boosted its position in Anheuser-Busch InBev SA/NV by 10.6% in the fourth quarter. Syon Capital LLC now owns 6,741 shares of the consumer goods maker’s stock valued at $436,000 after buying an additional 648 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $637,000. Institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the stock from $68.00 to $88.00 in a report on Tuesday. Morgan Stanley increased their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.3 %

Anheuser-Busch InBev SA/NV stock opened at $64.07 on Friday. The firm has a market capitalization of $115.15 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.77 and a beta of 1.10. The company’s 50 day simple moving average is $62.86 and its 200 day simple moving average is $61.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.36 and a fifty-two week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The company had revenue of $15.33 billion for the quarter, compared to analysts’ expectations of $15.21 billion. During the same period last year, the firm posted $0.72 earnings per share. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current 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.