Alberta Investment Management Corp Decreases Stake in Anheuser-Busch InBev SA/NV $BUD

Alberta Investment Management Corp reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 11.6% during the fourth quarter, HoldingsChannel reports. 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 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Bogart Wealth LLC boosted its position in Anheuser-Busch InBev SA/NV by 3,800.0% during the fourth quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock worth $25,000 after purchasing an additional 380 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Anheuser-Busch InBev SA/NV by 79.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $48,000. Fifth Third Bancorp raised its position in shares of Anheuser-Busch InBev SA/NV by 251.6% in the fourth quarter. Fifth Third Bancorp now owns 865 shares of the consumer goods maker’s stock valued at $55,000 after purchasing an additional 619 shares during the period. Finally, Paradigm Asset Management Co. LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $53,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $80.89 on Friday. Anheuser-Busch InBev SA/NV has a 12-month low of $56.97 and a 12-month high of $84.46. The company has a market cap of $157.77 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.30 and a beta of 0.59. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average price of $78.82 and a 200-day moving average price of $73.03.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. SBG Securities downgraded Anheuser-Busch InBev SA/NV to a “hold” rating in a research report on Monday, March 2nd. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, June 1st. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 19th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus price target of $93.41.

About Anheuser-Busch InBev SA/NV

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.