Kennondale Capital Management LLC Acquires Shares of 6,643 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Kennondale Capital Management LLC acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,643 shares of the consumer goods maker’s stock, valued at approximately $333,000.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth $27,000. R Squared Ltd purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $30,000. Rakuten Securities Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 2,722.7% during the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock worth $31,000 after purchasing an additional 599 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $36,000. Finally, Anchor Investment Management LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 120.6% during the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after purchasing an additional 422 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $63.37 on Tuesday. 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 firm’s 50-day simple moving average is $53.23 and its 200 day simple moving average is $56.82. The firm has a market capitalization of $113.88 billion, a PE ratio of 19.56, a P/E/G ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. The business 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, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Company 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.