QRG Capital Management Inc. Sells 29,396 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

QRG Capital Management Inc. cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 32.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,608 shares of the consumer goods maker’s stock after selling 29,396 shares during the quarter. QRG Capital Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,035,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BUD. Fisher Asset Management LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after acquiring an additional 587,329 shares during the last quarter. Holocene Advisors LP increased its position in Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its stake in Anheuser-Busch InBev SA/NV by 2.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after purchasing an additional 35,757 shares during the last quarter. Seafarer Capital Partners LLC boosted its position in Anheuser-Busch InBev SA/NV by 11.2% in the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock valued at $70,201,000 after buying an additional 107,000 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 7.0% during the third quarter. FMR LLC now owns 732,459 shares of the consumer goods maker’s stock worth $48,555,000 after buying an additional 47,684 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen dropped their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Buy” and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Up 0.7 %

Shares of NYSE BUD opened at $59.95 on Friday. The company has a 50 day simple moving average of $50.54 and a 200 day simple moving average of $56.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The firm has a market cap of $107.74 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. 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 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.