Anheuser-Busch InBev SA/NV (NYSE:BUD) Stake Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,902 shares of the consumer goods maker’s stock after selling 1,601 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Anheuser-Busch InBev SA/NV were worth $5,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased its position in Anheuser-Busch InBev SA/NV by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock worth $1,908,000 after purchasing an additional 354 shares during the last quarter. Perpetual Ltd raised its position in Anheuser-Busch InBev SA/NV by 13.7% during the first quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock valued at $7,736,000 after acquiring an additional 15,364 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $4,046,000. Cetera Investment Advisers grew its position in Anheuser-Busch InBev SA/NV by 287.8% in the first quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock worth $3,962,000 after acquiring an additional 48,376 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 57.0% during the 2nd quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock worth $4,811,000 after purchasing an additional 30,052 shares during the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Morgan Stanley upped their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Finally, TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their target price for the stock from $68.00 to $88.00 in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $64.23 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average price is $62.67 and its two-hundred day moving average price is $61.58. The firm has a market capitalization of $115.43 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 12-month low of $51.97 and a 12-month high of $67.49.

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

Anheuser-Busch InBev SA/NV 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.