ASO GROUP Ltd Makes New $1.62 Million Investment in Anheuser-Busch InBev SA/NV $BUD

ASO GROUP Ltd bought a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 4th quarter, Holdings Channel.com reports. The fund bought 25,349 shares of the consumer goods maker’s stock, valued at approximately $1,623,000. Anheuser-Busch InBev SA/NV comprises approximately 0.6% of ASO GROUP Ltd’s investment portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Picton Mahoney Asset Management bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at $1,135,000. Janney Montgomery Scott LLC boosted its position in Anheuser-Busch InBev SA/NV by 17.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,672 shares of the consumer goods maker’s stock valued at $1,452,000 after acquiring an additional 3,430 shares in the last quarter. Deutsche Bank AG bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at $9,875,000. Everett Harris & Co. CA boosted its position in Anheuser-Busch InBev SA/NV by 3.8% during the 4th quarter. Everett Harris & Co. CA now owns 245,815 shares of the consumer goods maker’s stock valued at $15,742,000 after acquiring an additional 8,917 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Anheuser-Busch InBev SA/NV by 13.4% during the 4th quarter. Cerity Partners LLC now owns 62,932 shares of the consumer goods maker’s stock valued at $4,030,000 after acquiring an additional 7,453 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BUD. Barclays reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Wells Fargo & Company raised their price objective on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, May 6th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.42.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $82.37 on Friday. The stock has a 50-day moving average of $77.80 and a two-hundred day moving average of $72.34. Anheuser-Busch InBev SA/NV has a one year low of $56.97 and a one year high of $84.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72. The stock has a market cap of $160.67 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.31 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%.The company had revenue of $15.27 billion during the quarter. As a group, research analysts predict that Anheuser-Busch InBev SA/NV will post 4.32 EPS for the current year.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.