Hurley Capital LLC Makes New $49,000 Investment in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Hurley Capital LLC purchased a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,000 shares of the consumer goods maker’s stock, valued at approximately $49,000.

Other large investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $56,849,000. Raymond James Financial Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at $37,311,000. FMR LLC lifted its stake in Anheuser-Busch InBev SA/NV by 7.0% during the 3rd quarter. FMR LLC now owns 732,459 shares of the consumer goods maker’s stock worth $48,555,000 after acquiring an additional 47,684 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $28,540,000. Finally, Penn Davis Mcfarland Inc. grew its position in Anheuser-Busch InBev SA/NV by 34.0% in the 4th quarter. Penn Davis Mcfarland Inc. now owns 467,519 shares of the consumer goods maker’s stock valued at $23,409,000 after acquiring an additional 118,686 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BUD has been the subject of several recent research reports. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday. They issued a “buy” rating for the company. TD Cowen dropped their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Argus upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday, March 27th. StockNews.com raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $66.00.

Anheuser-Busch InBev SA/NV Stock Down 3.0 %

Shares of NYSE BUD opened at $60.99 on Friday. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The company has a market capitalization of $109.61 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. 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 has a 50-day moving average of $57.26 and a two-hundred day moving average of $56.75.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. On average, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share 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.