Virtu Financial LLC Invests $1.08 Million in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Virtu Financial LLC acquired a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,843 shares of the consumer goods maker’s stock, valued at approximately $1,084,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors increased its stake in shares of Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock worth $131,504,000 after purchasing an additional 38,747 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 36.8% in the first quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock worth $125,389,000 after purchasing an additional 555,362 shares in the last quarter. Seafarer Capital Partners LLC grew its stake in Anheuser-Busch InBev SA/NV by 20.2% during the first quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock valued at $57,863,000 after acquiring an additional 160,000 shares in the last quarter. Wells Fargo & Company MN grew its stake in Anheuser-Busch InBev SA/NV by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 873,977 shares of the consumer goods maker’s stock valued at $56,476,000 after acquiring an additional 37,084 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. grew its stake in Anheuser-Busch InBev SA/NV by 16.9% during the first quarter. Penn Davis Mcfarland Inc. now owns 349,838 shares of the consumer goods maker’s stock valued at $21,263,000 after acquiring an additional 50,582 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Morgan Stanley lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and an average target price of $72.13.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $63.40 on Friday. The firm has a 50-day moving average price of $60.72 and a 200-day moving average price of $61.45. The firm has a market capitalization of $113.94 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. 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 12-month low of $51.66 and a 12-month 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, topping the consensus estimate of $0.84 by $0.06. The firm had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 21.74%. During the same quarter last year, the business earned $0.72 EPS. As a group, equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.35 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.