Hurley Capital LLC Purchases Shares of 1,000 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Hurley Capital LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,000 shares of the consumer goods maker’s stock, valued at approximately $49,000.

Several other institutional investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership purchased a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $56,849,000. Raymond James Financial Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $37,311,000. FMR LLC grew its stake in Anheuser-Busch InBev SA/NV by 7.0% in the 3rd quarter. FMR LLC now owns 732,459 shares of the consumer goods maker’s stock valued at $48,555,000 after acquiring an additional 47,684 shares during the period. Alberta Investment Management Corp purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth $28,540,000. Finally, Penn Davis Mcfarland Inc. lifted its holdings in Anheuser-Busch InBev SA/NV by 34.0% during the fourth quarter. Penn Davis Mcfarland Inc. now owns 467,519 shares of the consumer goods maker’s stock valued at $23,409,000 after purchasing an additional 118,686 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 research analysts recently weighed in on BUD shares. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. StockNews.com upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Thursday. Argus upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, March 27th. TD Cowen decreased 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 report on Wednesday, January 8th. Finally, Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Buy” and an average target price of $66.00.

Anheuser-Busch InBev SA/NV Stock Down 3.0 %

Shares of BUD opened at $60.99 on Friday. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. 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 stock has a fifty day simple moving average of $57.26 and a two-hundred day simple moving average of $56.75. The company has a market capitalization of $109.61 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. As a group, equities 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.