Alberta Investment Management Corp Sells 84,900 Shares of Anheuser-Busch InBev SA/NV $BUD

Alberta Investment Management Corp lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 11.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 645,100 shares of the consumer goods maker’s stock after selling 84,900 shares during the quarter. Alberta Investment Management Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $41,312,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GQG Partners LLC bought a new position in Anheuser-Busch InBev SA/NV in the 4th quarter valued at $149,778,000. Morgan Stanley grew its position in Anheuser-Busch InBev SA/NV by 29.8% in the 4th quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock valued at $269,337,000 after acquiring an additional 966,378 shares during the last quarter. Bank of Montreal Can grew its position in Anheuser-Busch InBev SA/NV by 150.6% in the 3rd quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock valued at $70,869,000 after acquiring an additional 714,420 shares during the last quarter. Bank of America Corp DE grew its position in Anheuser-Busch InBev SA/NV by 23.7% in the 2nd quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock valued at $229,831,000 after acquiring an additional 641,158 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Anheuser-Busch InBev SA/NV by 535.6% during the 3rd quarter. First Trust Advisors LP now owns 653,616 shares of the consumer goods maker’s stock worth $38,962,000 after buying an additional 550,774 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Down 1.7%

Shares of NYSE BUD opened at $81.54 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. The stock has a market capitalization of $159.04 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.34 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a 1-year low of $56.97 and a 1-year high of $84.46. The business has a fifty day moving average price of $78.25 and a 200 day moving average price of $72.61.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released 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. Equities research analysts expect that Anheuser-Busch InBev SA/NV will post 4.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 19th. UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, June 10th. Barclays reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price target 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. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.42.

Anheuser-Busch InBev SA/NV Company 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.