Fisher Asset Management LLC Has $504.95 Million Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Fisher Asset Management LLC cut its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,084,798 shares of the consumer goods maker’s stock after selling 222,216 shares during the quarter. Fisher Asset Management LLC owned approximately 0.56% of Anheuser-Busch InBev SA/NV worth $504,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BUD. Ashton Thomas Securities LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. R Squared Ltd acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC acquired 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 lifted its stake 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 purchasing an additional 205 shares during the period. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Up 0.7 %

Shares of NYSE:BUD opened at $59.95 on Friday. The company has a market capitalization of $107.74 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The business’s 50-day moving average is $50.54 and its 200-day moving average is $56.79. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Analyst Ratings Changes

Separately, TD Cowen dropped their price objective 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 research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $64.00.

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.