Kornitzer Capital Management Inc. KS Acquires 2,570 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Kornitzer Capital Management Inc. KS lifted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 69.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,290 shares of the consumer goods maker’s stock after buying an additional 2,570 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Anheuser-Busch InBev SA/NV were worth $366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital International Investors increased its position in Anheuser-Busch InBev SA/NV by 0.9% in the 4th quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock valued at $137,447,000 after buying an additional 18,280 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Anheuser-Busch InBev SA/NV by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after buying an additional 354 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $1,604,000. Perpetual Ltd increased its position in Anheuser-Busch InBev SA/NV by 13.7% in the 1st quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock valued at $7,736,000 after buying an additional 15,364 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $4,046,000. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $62.84 on Friday. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $67.49. The stock’s 50 day moving average price is $60.79 and its 200-day moving average price is $61.14. The company has a market capitalization of $112.94 billion, a PE ratio of 26.40, a PEG ratio of 1.75 and a beta of 1.09. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The firm had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the previous year, the business earned $0.72 EPS. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BUD shares. Morgan Stanley cut their price target on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.13.

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.