Anheuser-Busch InBev SA/NV $BUD Shares Sold by Causeway Capital Management LLC

Causeway Capital Management LLC lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 609,686 shares of the consumer goods maker’s stock after selling 37,791 shares during the period. Causeway Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $36,343,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 494.7% during the third quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after purchasing an additional 371 shares during the period. Mather Group LLC. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $34,000. Elevation Point Wealth Partners LLC acquired a new position in Anheuser-Busch InBev SA/NV during the second quarter valued at $35,000. Paradigm Asset Management Co. LLC acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at $53,000. Finally, Rexford Capital Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the second quarter valued at $55,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Down 0.7%

BUD stock opened at $73.14 on Tuesday. Anheuser-Busch InBev SA/NV has a 52 week low of $56.97 and a 52 week high of $81.56. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $72.50 and a 200-day simple moving average of $65.34. The stock has a market capitalization of $142.66 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.24 and a beta of 0.54.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $15.48 billion. During the same period in the previous year, the firm posted $0.88 EPS. Anheuser-Busch InBev SA/NV’s revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on BUD. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 6th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, February 12th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. SBG Securities cut Anheuser-Busch InBev SA/NV to a “hold” rating in a research report on Monday, March 2nd. Finally, UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.00.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.