Ritholtz Wealth Management Boosts Holdings in Anheuser-Busch InBev SA/NV $BUD

Ritholtz Wealth Management grew its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 227.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,366 shares of the consumer goods maker’s stock after purchasing an additional 7,891 shares during the quarter. Ritholtz Wealth Management’s holdings in Anheuser-Busch InBev SA/NV were worth $788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 52.9% in the 1st quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock worth $556,000 after buying an additional 3,127 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 7.8% in the first quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock valued at $546,000 after acquiring an additional 642 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after acquiring an additional 265,783 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 40.1% in the second quarter. Russell Investments Group Ltd. now owns 9,562 shares of the consumer goods maker’s stock worth $657,000 after acquiring an additional 2,736 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter worth approximately $120,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $83.86 on Tuesday. Anheuser-Busch InBev SA/NV has a 1 year low of $56.97 and a 1 year high of $85.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. The firm has a market capitalization of $163.57 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. The business has a 50 day simple moving average of $79.92 and a 200-day simple moving average of $74.11.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. The firm had revenue of $15.27 billion for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, May 6th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, June 5th. SBG Securities lowered shares of Anheuser-Busch InBev SA/NV to a “hold” rating in a report on Monday, March 2nd. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, June 10th. Finally, Barclays reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.94.

Anheuser-Busch InBev SA/NV Company 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.