Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Bought by Perpetual Ltd

Perpetual Ltd raised its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 10.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 152,567 shares of the consumer goods maker's stock after purchasing an additional 14,532 shares during the quarter. Perpetual Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $10,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BUD. CWM LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 12.6% during the third quarter. CWM LLC now owns 5,846 shares of the consumer goods maker's stock valued at $388,000 after buying an additional 654 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth $66,000. SL Advisors LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at $155,000. Atomi Financial Group Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 34.7% during the third quarter. Atomi Financial Group Inc. now owns 14,422 shares of the consumer goods maker's stock valued at $956,000 after buying an additional 3,717 shares during the last quarter. Finally, Mather Group LLC. boosted its position in shares of Anheuser-Busch InBev SA/NV by 96.6% during the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker's stock valued at $43,000 after buying an additional 316 shares during the last quarter. Institutional investors own 5.53% of the company's stock.

Analyst Upgrades and Downgrades

BUD has been the topic of several recent analyst reports. Citigroup raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 1st. TD Cowen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and raised their target price for the stock from $68.00 to $88.00 in a research report on Tuesday. Evercore ISI raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Monday, September 30th. Barclays raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday. Finally, UBS Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research report on Monday, June 24th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock traded up $0.78 during mid-day trading on Friday, reaching $64.85. The stock had a trading volume of 2,002,419 shares, compared to its average volume of 1,621,825. The business's fifty day moving average is $62.92 and its 200-day moving average is $61.65. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a market cap of $116.55 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 1-year low of $52.36 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The firm had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current year.

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.