QRG Capital Management Inc. Increases Holdings in Anheuser-Busch InBev SA/NV $BUD

QRG Capital Management Inc. grew its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 67.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,081 shares of the consumer goods maker’s stock after buying an additional 35,589 shares during the quarter. QRG Capital Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $6,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC boosted its position in Anheuser-Busch InBev SA/NV by 3,800.0% during the 4th quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock valued at $25,000 after acquiring an additional 380 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $26,000. GHP Investment Advisors Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth $32,000. Parkside Financial Bank & Trust lifted its stake in shares of Anheuser-Busch InBev SA/NV by 79.1% during the 4th 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 during the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BUD shares. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. Wells Fargo & Company raised their target price on shares of Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Anheuser-Busch InBev SA/NV from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and a consensus target price of $90.08.

Anheuser-Busch InBev SA/NV Stock Up 0.1%

BUD stock opened at $81.38 on Monday. The company has a market capitalization of $158.73 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.36 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a 12 month low of $56.97 and a 12 month high of $85.56. The firm’s fifty day simple moving average is $80.51 and its 200-day simple moving average is $74.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57.

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