Atomi Financial Group Inc. Purchases 3,194 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Atomi Financial Group Inc. raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 42.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,705 shares of the consumer goods maker’s stock after buying an additional 3,194 shares during the period. Atomi Financial Group Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $622,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BUD. DAVENPORT & Co LLC boosted its position in Anheuser-Busch InBev SA/NV by 36.8% in the 1st quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock valued at $125,389,000 after buying an additional 555,362 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth $18,226,000. Raymond James & Associates boosted its position in shares of Anheuser-Busch InBev SA/NV by 33.7% in the 2nd quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock worth $42,244,000 after purchasing an additional 183,301 shares during the last quarter. Seafarer Capital Partners LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 20.2% in the 1st quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock worth $57,863,000 after purchasing an additional 160,000 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Anheuser-Busch InBev SA/NV by 52.7% in the 4th quarter. Brandes Investment Partners LP now owns 301,882 shares of the consumer goods maker’s stock worth $19,508,000 after purchasing an additional 104,209 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BUD. Morgan Stanley reduced their target price on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.13.

Anheuser-Busch InBev SA/NV Stock Down 0.6 %

Shares of NYSE:BUD traded down $0.40 during midday trading on Wednesday, reaching $61.47. The company had a trading volume of 60,868 shares, compared to its average volume of 1,729,461. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average price is $60.31 and its 200 day moving average price is $61.19. The stock has a market cap of $110.47 billion, a PE ratio of 26.00, a P/E/G ratio of 1.70 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 21.74% and a net margin of 9.89%. During the same quarter in the previous year, the business earned $0.72 earnings per share. Research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.35 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.