Assetmark Inc. Grows Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Assetmark Inc. grew its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 16.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,419 shares of the consumer goods maker’s stock after acquiring an additional 7,201 shares during the quarter. Assetmark Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BUD. Ashton Thomas Securities LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. R Squared Ltd purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $36,000. Finally, First Personal Financial Services increased its holdings in shares of Anheuser-Busch InBev SA/NV by 51.3% in the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BUD. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. TD Cowen dropped their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Trading Up 1.1 %

NYSE:BUD opened at $63.11 on Monday. The stock’s 50 day moving average price is $51.69 and its 200 day moving average price is $56.78. The company has a market capitalization of $113.41 billion, a PE ratio of 19.48, a P/E/G ratio of 1.73 and a beta of 0.96. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. On average, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Company 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.