Taikang Asset Management Hong Kong Co Ltd Purchases New Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Taikang Asset Management Hong Kong Co Ltd acquired a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,000 shares of the consumer goods maker's stock, valued at approximately $2,003,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BUD. Thrivent Financial for Lutherans purchased a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth about $220,000. Charles Schwab Investment Management Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 37.7% during 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 purchasing an additional 15,837 shares during the period. Raymond James Trust N.A. increased its stake in shares of Anheuser-Busch InBev SA/NV by 39.5% in the 3rd quarter. Raymond James Trust N.A. now owns 7,356 shares of the consumer goods maker's stock worth $488,000 after purchasing an additional 2,082 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 61.9% in the third quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker's stock worth $4,048,000 after buying an additional 23,348 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings 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 valued at $683,252,000 after purchasing an additional 587,329 shares in the last quarter. Institutional investors own 5.53% of the company's stock.

Remove Ads

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock traded down $0.13 during midday trading on Friday, reaching $62.01. 2,859,280 shares of the stock traded hands, compared to its average volume of 1,776,667. The stock has a market cap of $111.45 billion, a P/E ratio of 19.14, a PEG ratio of 1.73 and a beta of 0.96. The stock's fifty day moving average is $55.90 and its 200-day moving average is $56.85. 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 has a 12 month low of $45.94 and a 12 month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating 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 the consensus estimate of $14.07 billion. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen cut 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 research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price target on the stock in a report on Thursday. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to 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.