9,265 Shares in Anheuser-Busch InBev SA/NV $BUD Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the fourth quarter, Holdings Channel.com reports. The firm acquired 9,265 shares of the consumer goods maker’s stock, valued at approximately $593,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BUD. Fisher Asset Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 3.3% in the third quarter. Fisher Asset Management LLC now owns 11,011,683 shares of the consumer goods maker’s stock valued at $656,406,000 after purchasing an additional 347,750 shares during the period. Bank of America Corp DE raised its position in shares of Anheuser-Busch InBev SA/NV by 12.8% during the 3rd quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock worth $224,786,000 after purchasing an additional 426,495 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Anheuser-Busch InBev SA/NV by 22.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,511,840 shares of the consumer goods maker’s stock valued at $90,121,000 after buying an additional 281,400 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after buying an additional 265,783 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Anheuser-Busch InBev SA/NV by 150.6% in the 3rd quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock worth $70,869,000 after buying an additional 714,420 shares during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BUD. Wells Fargo & Company boosted their price objective on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, December 29th. UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, February 26th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Anheuser-Busch InBev SA/NV Trading Up 0.8%

BUD opened at $71.35 on Friday. The firm has a market capitalization of $139.17 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.19 and a beta of 0.58. The company’s 50 day simple moving average is $73.88 and its two-hundred day simple moving average is $66.43. Anheuser-Busch InBev SA/NV has a 1-year low of $56.97 and a 1-year high of $81.56. 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 posted its quarterly earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $15.48 billion. During the same period in the prior year, the business earned $0.88 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal 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.