Cedrus LLC Invests $228,000 in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cedrus LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,522 shares of the consumer goods maker’s stock, valued at approximately $228,000.

Several other large investors have also recently modified their holdings of BUD. Bank of New York Mellon Corp increased its position in shares of Anheuser-Busch InBev SA/NV by 8.7% during the 1st quarter. Bank of New York Mellon Corp now owns 98,375 shares of the consumer goods maker’s stock valued at $5,909,000 after purchasing an additional 7,887 shares during the last quarter. American Century Companies Inc. grew its position in Anheuser-Busch InBev SA/NV by 8.2% in the 1st quarter. American Century Companies Inc. now owns 26,865 shares of the consumer goods maker’s stock valued at $1,614,000 after acquiring an additional 2,028 shares during the last quarter. Citigroup Inc. grew its position in Anheuser-Busch InBev SA/NV by 13.2% in the 1st quarter. Citigroup Inc. now owns 57,729 shares of the consumer goods maker’s stock valued at $3,468,000 after acquiring an additional 6,742 shares during the last quarter. Bank of Montreal Can grew its position in Anheuser-Busch InBev SA/NV by 14.1% in the 1st quarter. Bank of Montreal Can now owns 35,077 shares of the consumer goods maker’s stock valued at $2,154,000 after acquiring an additional 4,342 shares during the last quarter. Finally, BlackRock Inc. grew its position in Anheuser-Busch InBev SA/NV by 11.8% in the 1st quarter. BlackRock Inc. now owns 356,048 shares of the consumer goods maker’s stock valued at $21,384,000 after acquiring an additional 37,476 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.0 %

Shares of NYSE BUD traded down $0.01 during mid-day trading on Thursday, reaching $59.56. 233,581 shares of the company were exchanged, compared to its average volume of 2,101,592. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The stock has a market cap of $103.47 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.82 and a beta of 1.13. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $66.56. The firm has a 50-day moving average of $61.74 and a 200 day moving average of $60.65.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The company had revenue of $14.47 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period last year, the business posted $0.98 earnings per share. On average, research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Wall Street Analyst Weigh In

BUD has been the topic of several research analyst reports. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and upped their price objective for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. BNP Paribas downgraded Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. Finally, TD Cowen decreased their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.70.

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.