Russell Investments Group Ltd. Has $420,000 Stake in Anheuser-Busch InBev SA/NV $BUD

Russell Investments Group Ltd. boosted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 165.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,826 shares of the consumer goods maker’s stock after buying an additional 4,259 shares during the quarter. Russell Investments Group Ltd.’s holdings in Anheuser-Busch InBev SA/NV were worth $420,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BUD. NBC Securities Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. Garde Capital Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the first quarter worth $37,000. Measured Risk Portfolios Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth $40,000. ST Germain D J Co. Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the first quarter worth $41,000. Finally, Rossby Financial LCC acquired a new position in Anheuser-Busch InBev SA/NV during the first quarter worth $49,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BUD has been the topic of several research analyst reports. BNP Paribas raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and raised their price target for the company from $70.10 to $88.00 in a research report on Monday, May 12th. Finally, Wall Street Zen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Sunday, May 18th. Three equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Down 0.1%

NYSE BUD opened at $62.60 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The firm has a 50-day simple moving average of $65.36 and a 200 day simple moving average of $64.73. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The stock has a market cap of $112.50 billion, a PE ratio of 17.58, a PEG ratio of 1.76 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, beating 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%. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts forecast 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.