Assetmark Inc. Has $2.52 Million Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Assetmark Inc. raised its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,419 shares of the consumer goods maker's stock after acquiring an additional 7,201 shares during the quarter. Assetmark Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BUD. Holocene Advisors LP boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 22.8% in the third quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker's stock worth $287,144,000 after buying an additional 803,257 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker's stock valued at $683,252,000 after buying an additional 587,329 shares in the last quarter. Alberta Investment Management Corp acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $28,540,000. Penn Davis Mcfarland Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 34.0% in the 4th quarter. Penn Davis Mcfarland Inc. now owns 467,519 shares of the consumer goods maker's stock worth $23,409,000 after acquiring an additional 118,686 shares in the last quarter. Finally, Seafarer Capital Partners LLC boosted its position in Anheuser-Busch InBev SA/NV by 11.2% during the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker's stock worth $70,201,000 after acquiring an additional 107,000 shares during the period. Institutional investors and hedge funds own 5.53% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. TD Cowen reduced their price target 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 investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of "Buy" and an average price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD traded down $1.17 on Thursday, hitting $61.37. The company had a trading volume of 1,979,893 shares, compared to its average volume of 1,829,522. The stock has a market cap of $110.29 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company's fifty day moving average price is $52.44 and its 200 day moving average price is $56.84. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued 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 net margin of 10.98% and a return on equity of 15.29%. The business had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $14.07 billion. Equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

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.