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

Fisher Asset Management LLC reduced its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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’s holdings in Anheuser-Busch InBev SA/NV were worth $504,946,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BUD. NewEdge Wealth LLC increased its holdings in Anheuser-Busch InBev SA/NV by 67.0% during the 4th quarter. NewEdge Wealth LLC now owns 21,482 shares of the consumer goods maker’s stock worth $1,076,000 after purchasing an additional 8,618 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $36,000. B&D White Capital Company LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $290,000. Callan Capital LLC increased its holdings in Anheuser-Busch InBev SA/NV by 2.2% during the 4th quarter. Callan Capital LLC now owns 10,607 shares of the consumer goods maker’s stock worth $531,000 after purchasing an additional 229 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in Anheuser-Busch InBev SA/NV by 18.9% during the 4th quarter. Private Advisor Group LLC now owns 15,497 shares of the consumer goods maker’s stock worth $776,000 after purchasing an additional 2,458 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock opened at $59.95 on Friday. The firm has a market cap of $107.74 billion, a PE ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $50.54 and a 200-day moving average of $56.79. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its 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. The company had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share 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.