Cedrus LLC Takes $228,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cedrus LLC acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,522 shares of the consumer goods maker’s stock, valued at approximately $228,000.

Other hedge funds also recently modified their holdings of the company. Aaron Wealth Advisors LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at $348,000. Sequoia Financial Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 5.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,629 shares of the consumer goods maker’s stock valued at $493,000 after purchasing an additional 391 shares during the period. International Assets Investment Management LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at $211,000. Bleakley Financial Group LLC grew its position in Anheuser-Busch InBev SA/NV by 62.0% in the 4th quarter. Bleakley Financial Group LLC now owns 24,929 shares of the consumer goods maker’s stock valued at $1,611,000 after purchasing an additional 9,543 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its position in Anheuser-Busch InBev SA/NV by 20.9% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,323 shares of the consumer goods maker’s stock valued at $215,000 after purchasing an additional 575 shares during the period. Institutional investors own 5.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. BNP Paribas downgraded shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Finally, TD Cowen cut their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.70.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD traded down $0.01 during midday trading on Thursday, reaching $59.56. The company had a trading volume of 233,581 shares, compared to its average volume of 2,101,592. The stock has a market cap of $103.47 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.82 and a beta of 1.13. The company’s 50 day moving average price is $61.74 and its 200 day moving average price is $60.65. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $66.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $14.47 billion during the quarter, compared to analyst estimates of $15.34 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.