QRG Capital Management Inc. Reduces Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

QRG Capital Management Inc. lessened its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,608 shares of the consumer goods maker's stock after selling 29,396 shares during the period. QRG Capital Management Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $3,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 37.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker's stock valued at $3,836,000 after acquiring an additional 15,837 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $28,540,000. Fisher Asset Management LLC lifted its position in 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 worth $683,252,000 after buying an additional 587,329 shares during the period. Blue Trust Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 15.8% in the 4th quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker's stock worth $171,000 after buying an additional 464 shares during the last quarter. Finally, B&D White Capital Company LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $290,000. Hedge funds and other institutional investors own 5.53% of the company's stock.

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Anheuser-Busch InBev SA/NV Trading Up 2.0 %

Shares of NYSE BUD traded up $1.21 during midday trading on Wednesday, hitting $62.29. The stock had a trading volume of 3,224,293 shares, compared to its average volume of 1,813,580. The company has a fifty day moving average price of $51.20 and a 200 day moving average price of $56.78. The company has a market capitalization of $111.95 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.73 and a beta of 1.08. 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 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 quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. On average, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on BUD. TD Cowen decreased their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. 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. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $64.00.

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.