Invesco Ltd. Sells 1,556 Shares of Anheuser-Busch InBev SA/NV $BUD

Invesco Ltd. cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,078 shares of the consumer goods maker’s stock after selling 1,556 shares during the quarter. Invesco Ltd.’s holdings in Anheuser-Busch InBev SA/NV were worth $4,376,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BUD. Koss Olinger Consulting LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 2.5% in the 1st quarter. Koss Olinger Consulting LLC now owns 38,549 shares of the consumer goods maker’s stock worth $2,373,000 after buying an additional 947 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Anheuser-Busch InBev SA/NV in the first quarter worth about $1,182,000. Ironwood Investment Counsel LLC grew its position in Anheuser-Busch InBev SA/NV by 2.3% in the first quarter. Ironwood Investment Counsel LLC now owns 83,469 shares of the consumer goods maker’s stock worth $5,138,000 after acquiring an additional 1,893 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Anheuser-Busch InBev SA/NV by 88.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 79,511 shares of the consumer goods maker’s stock worth $4,895,000 after acquiring an additional 37,356 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in Anheuser-Busch InBev SA/NV during the first quarter valued at approximately $1,731,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.2%

Shares of BUD opened at $62.67 on Friday. The firm has a fifty day moving average price of $65.54 and a 200-day moving average price of $64.48. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $112.63 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.77 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. Equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BUD. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Sunday, May 18th. Finally, BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.50.

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.