QRG Capital Management Inc. Grows Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

QRG Capital Management Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 67.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,081 shares of the consumer goods maker’s stock after buying an additional 35,589 shares during the period. QRG Capital Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $6,110,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock valued at $728,801,000 after acquiring an additional 368,721 shares during the last quarter. Morgan Stanley increased its position in Anheuser-Busch InBev SA/NV by 29.8% during the fourth quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after purchasing an additional 966,378 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Anheuser-Busch InBev SA/NV by 1.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,009,863 shares of the consumer goods maker’s stock worth $256,792,000 after purchasing an additional 42,009 shares during the period. Bank of America Corp DE raised its stake in Anheuser-Busch InBev SA/NV by 12.8% during the third quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock worth $224,786,000 after purchasing an additional 426,495 shares during the period. Finally, GQG Partners LLC purchased a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $149,778,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $81.38 on Monday. The stock’s 50-day moving average is $80.51 and its two-hundred day moving average is $74.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. Anheuser-Busch InBev SA/NV has a 1-year low of $56.97 and a 1-year high of $85.56. The company has a market cap of $158.73 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.36 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%.The business had revenue of $15.27 billion during the quarter. Analysts forecast that Anheuser-Busch InBev SA/NV will post 4.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BUD shares. Morgan Stanley lowered their price objective on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a research report on Thursday. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. TD Cowen upped their price target on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. Finally, Barclays restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus price target of $90.08.

Anheuser-Busch InBev SA/NV Company Profile

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.