Oppenheimer Asset Management Inc. Grows Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Oppenheimer Asset Management Inc. increased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,918 shares of the consumer goods maker’s stock after purchasing an additional 1,025 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after acquiring an additional 378 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares during the last quarter. Addison Advisors LLC boosted its stake in Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after acquiring an additional 168 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the second quarter valued at about $35,000. Finally, Russell Investments Group Ltd. boosted its stake in Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock valued at $42,000 after acquiring an additional 346 shares during the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock opened at $64.25 on Wednesday. The firm’s 50 day simple moving average is $61.51 and its 200 day simple moving average is $61.22. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $115.47 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.81 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BUD. Morgan Stanley boosted their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.25.

Anheuser-Busch InBev SA/NV Company Profile

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.