Renaissance Technologies LLC Acquires 522,575 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Renaissance Technologies LLC lifted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 672.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 600,300 shares of the consumer goods maker’s stock after buying an additional 522,575 shares during the quarter. Renaissance Technologies LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $34,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after purchasing an additional 378 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after buying an additional 185 shares during the period. Addison Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after buying an additional 168 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $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. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

BUD has been the topic of several recent research reports. Morgan Stanley raised 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 report 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. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average price target of $73.25.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $63.41 on Thursday. The company has a fifty day moving average price of $61.57 and a two-hundred day moving average price of $61.23. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $67.49. The stock has a market cap of $113.96 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current year.

About Anheuser-Busch InBev SA/NV

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.