ExodusPoint Capital Management LP Purchases 31,675 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

ExodusPoint Capital Management LP lifted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 205.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,091 shares of the consumer goods maker's stock after acquiring an additional 31,675 shares during the quarter. ExodusPoint Capital Management LP's holdings in Anheuser-Busch InBev SA/NV were worth $2,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker's stock worth $3,836,000 after buying an additional 15,837 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at about $476,000. HighTower Advisors LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 9.4% during the third quarter. HighTower Advisors LLC now owns 49,054 shares of the consumer goods maker's stock worth $3,247,000 after purchasing an additional 4,200 shares during the period. Quantinno Capital Management LP grew its stake in shares of Anheuser-Busch InBev SA/NV by 11.8% in the third quarter. Quantinno Capital Management LP now owns 58,253 shares of the consumer goods maker's stock worth $3,862,000 after purchasing an additional 6,134 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Anheuser-Busch InBev SA/NV by 27.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,449 shares of the consumer goods maker's stock valued at $626,000 after purchasing an additional 2,014 shares during the period. Hedge funds and other institutional investors own 5.53% of the company's stock.

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Anheuser-Busch InBev SA/NV Stock Up 2.8 %

Shares of NYSE:BUD traded up $1.68 during midday trading on Friday, reaching $62.39. The company's stock had a trading volume of 3,444,058 shares, compared to its average volume of 1,851,782. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. The firm has a market capitalization of $112.13 billion, a P/E ratio of 19.26, a PEG ratio of 1.73 and a beta of 0.80. The firm has a 50 day moving average of $58.81 and a 200-day moving average of $56.64. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen dropped their price objective 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. Berenberg Bank assumed coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Thursday, March 27th. StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $66.00.

Anheuser-Busch InBev SA/NV Profile

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.