Connect with us

Hi, what are you looking for?

Business

QRG Capital Increases Stake in Anheuser-Busch InBev by 6,695 Shares

QRG Capital Management Inc. has significantly increased its investment in Anheuser-Busch InBev SA/NV, purchasing an additional 6,695 shares during the second quarter of 2023. This acquisition raised QRG’s total holdings in the consumer goods company by 7.7%, bringing its total shares to 93,714, valued at approximately $6,440,000 at the end of the quarter.

The firm’s recent disclosure to the Securities and Exchange Commission highlights a growing interest in Anheuser-Busch InBev, which has been echoed by other institutional investors. For instance, NBC Securities Inc. acquired a new stake valued at around $32,000 in the first quarter, while Garde Capital Inc. and Rossby Financial LLC also made significant investments during the same period, valued at approximately $37,000 and $49,000, respectively.

Moreover, Larson Financial Group LLC increased its stake by 65.1%, now holding 964 shares worth about $59,000 after acquiring an additional 380 shares. Collectively, institutional investors now own 5.53% of Anheuser-Busch InBev’s stock.

Analysts Provide Mixed Ratings

Several analysts on Wall Street have recently provided insights into the performance of Anheuser-Busch InBev shares. The Goldman Sachs Group reaffirmed a “buy” rating for the stock in a report dated September 25, 2023. Weiss Ratings maintained a “hold (C-)” rating shortly after, while Berenberg Bank and Morningstar also reiterated their “buy” ratings.

Currently, two analysts classify the stock with a Strong Buy rating, nine have issued Buy ratings, and two analysts have a Hold rating. As per MarketBeat, the consensus rating for Anheuser-Busch InBev is “Buy,” with an average price target set at $71.00.

Current Stock Performance and Financial Outlook

On Monday, shares of Anheuser-Busch InBev opened at $59.55. The stock has experienced volatility over the past year, with a low of $45.94 and a high of $72.13. The company currently holds a market capitalization of $116.27 billion, a price-to-earnings (P/E) ratio of 16.73, and a P/E growth (P/E/G) ratio of 1.72.

Anheuser-Busch InBev’s latest quarterly earnings report, announced on July 31, 2023, showed an earnings per share (EPS) of $0.98, exceeding the consensus estimate of $0.94 by $0.04. Despite this positive news, the company’s revenue fell by 2.1% compared to the same quarter last year. Analysts predict that the company will report an EPS of $3.37 for the current fiscal year.

Anheuser-Busch InBev operates a vast portfolio of approximately 500 beer brands, including popular names such as Budweiser, Corona, and Stella Artois, as well as many others. As the company navigates the competitive beverage market, its recent financial maneuvers and analyst ratings will be critical in shaping its future performance.

You May Also Like

Technology

Tesla (TSLA) recently reported a year-over-year drop in second-quarter deliveries, yet the market responded with optimism, pushing the stock up by 5%. This unexpected...

Health

The All England Lawn Tennis Club in London experienced its hottest-ever opening day on Monday, as the prestigious Wimbledon tournament kicked off under unprecedented...

Technology

In a bold reimagining of the DC Universe, director James Gunn has introduced a significant narrative element in his latest film, which reveals that...

Science

Look out, daters: a new toxic relationship trend is sweeping through the romantic world, leaving many baffled and heartbroken. Known as “Banksying,” this phenomenon...

Technology

Former Speaker of the House Nancy Pelosi has recently made headlines with her latest investment in the tech sector. According to official filings, she...

Entertainment

A new documentary series titled “Animals on Drugs” is set to premiere on the Discovery Channel on July 28, 2023. The three-part series follows...

Entertainment

Netflix’s eagerly anticipated talent competition Building the Band is set to premiere on July 9, promising an emotional journey for viewers. This series, centered...

Technology

The answer to today’s NYT Wordle, dated August 8, 2025, is the verb IMBUE. This word, which means “to fill or saturate,” features three...

World

The first dose of the hepatitis B vaccine is recommended at birth, a practice that has come under scrutiny following recent comments by Health...

Technology

The Evo 2025 tournament is set to take place from August 1 to August 3, 2025, showcasing some of the most popular fighting games...

Sports

ZAGREB, Croatia — A concert by Marko Perkovic, a right-wing Croatian singer known for his controversial views, attracted tens of thousands of fans to...

Lifestyle

The upcoming TRNSMT 2025 festival is set to take place from July 7 to July 9, 2025, at Glasgow Green, and organizers have released...

Sports

As the summer of 2025 unfolds, the video game industry is set to deliver a diverse array of new releases that promise to captivate...

Politics

Billionaire hedge fund manager Bill Ackman faced significant backlash following his professional tennis debut at the Hall of Fame Open in Newport, Rhode Island,...

Business

Erin Dana Lichy, a prominent cast member of “Real Housewives of New York,” has officially settled into her dream home, a grand townhouse located...

Entertainment

While the echoes of Summer Game Fest 2025 and the Xbox Games Showcase still resonate, Xbox has already set its sights on the next...

Copyright © All rights reserved. This website provides general news and educational content for informational purposes only. While we strive for accuracy, we do not guarantee the completeness or reliability of the information presented. The content should not be considered professional advice of any kind. Readers are encouraged to verify facts and consult appropriate experts when needed. We are not responsible for any loss or inconvenience resulting from the use of information on this site.