Taikang Asset Management Hong Kong Co Ltd Invests $2 Million in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 40,000 shares of the consumer goods maker’s stock, valued at approximately $2,003,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $30,000. Rakuten Securities Inc. lifted its position in Anheuser-Busch InBev SA/NV by 2,722.7% in the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after purchasing an additional 599 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $36,000. Finally, Empowered Funds LLC bought a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $49,000. 5.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BUD has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. TD Cowen reduced their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One investment 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $61.48 on Tuesday. The company has a 50-day moving average of $54.71 and a 200-day moving average of $56.85. The firm has a market cap of $110.50 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share 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 firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. 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.