Renaissance Technologies LLC Raises Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Renaissance Technologies LLC raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 27.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 997,700 shares of the consumer goods maker's stock after purchasing an additional 217,700 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of Anheuser-Busch InBev SA/NV worth $49,955,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $30,000. Rakuten Securities Inc. raised its stake in Anheuser-Busch InBev SA/NV by 2,722.7% during the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker's stock valued at $31,000 after acquiring an additional 599 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $36,000. Empowered Funds LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $49,000. Finally, Hurley Capital LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $49,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock traded up $1.82 on Wednesday, hitting $65.10. 1,359,617 shares of the company's stock were exchanged, compared to its average volume of 1,854,378. The company has a 50-day simple moving average of $59.35 and a 200-day simple moving average of $56.61. The stock has a market capitalization of $117.00 billion, a PE ratio of 20.09, a PEG ratio of 1.73 and a beta of 0.80. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

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Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The firm had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $14.07 billion. As a group, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BUD shares. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Argus raised shares of 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. StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. 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. Finally, TD Cowen lowered their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $66.00.

About Anheuser-Busch InBev SA/NV

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.