NewEdge Advisors LLC Increases Stake in Anheuser-Busch InBev SA/NV $BUD

NewEdge Advisors LLC raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7,474.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 522,643 shares of the consumer goods maker’s stock after acquiring an additional 515,743 shares during the period. NewEdge Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $43,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BUD. Fisher Asset Management LLC raised its stake 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 worth $728,801,000 after buying an additional 368,721 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Anheuser-Busch InBev SA/NV by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 121,435 shares of the consumer goods maker’s stock valued at $8,424,000 after buying an additional 13,877 shares in the last quarter. Cook & Bynum Capital Management LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $33,282,514. Renaissance Technologies LLC grew its holdings in Anheuser-Busch InBev SA/NV by 64.7% during the first quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock worth $56,250,000 after acquiring an additional 318,600 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Anheuser-Busch InBev SA/NV by 10,464.1% during the second quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker’s stock worth $262,876,000 after acquiring an additional 3,160,049 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BUD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, July 1st. Barclays reaffirmed an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, July 27th. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, June 5th. Finally, Weiss Ratings cut shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus price target of $91.08.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $77.97 on Thursday. Anheuser-Busch InBev SA/NV has a 1-year low of $57.79 and a 1-year high of $86.60. The stock has a market cap of $157.45 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.14 and a beta of 0.59. The stock’s 50 day simple moving average is $80.72 and its 200 day simple moving average is $78.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.12. The firm had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $16.23 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.Anheuser-Busch InBev SA/NV’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.41 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.