# Anheuser-Busch InBev SA/NV (BUD)

> Source: Nexqual · https://nexqual.com/BUD · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Anheuser-Busch InBev SA/NV (BUD), nexqual.com/BUD" · informational, not investment advice.

**Price:** USD 85.49 (+3.89% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 82.29 · day 83.33–85.55 · 52w 59.64–86.6 · market cap $168B · NYQ

## Key facts
- 5 of 80 tracked superinvestors hold BUD (13F, Q2 2026): 0 new, 0 added, 4 reduced, 1 unchanged.
- Analysts: Buy (mean 1.92 on a 1–5 scale) (12 analysts), mean target USD 95.26 (range 85–109).
- Total return with dividends: 1Y +40.9% vs S&P 500 +14.9%; 5Y +63.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.17, revenue estimate $16.3B.

## Superinvestors (SEC 13F-HR, Q2 2026)
5 of 80 tracked investors hold BUD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | 1.27% | $2.43B | Reduced -0.7% |
| Bill Gates | Gates Foundation Trust | 0.41% | $140M | Unchanged |
| Sarah Ketterer | Causeway Capital Management | 0.31% | $28.6M | Reduced -40.1% |
| Thomas Russo | Gardner Russo & Quinn | 0.16% | $14.2M | Reduced -6.9% |
| Lee Ainslie | Maverick Capital | 0.02% | $1.7M | Reduced -60.3% |

## Analysts
Consensus Buy (mean 1.92 on a 1–5 scale), 12 analysts; mean target USD 95.26 (low 85, high 109).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | TD Cowen | Target lowered | Hold | $89 → $85 |
| 2026-10-05 | Wells Fargo | Target lowered | Overweight | $97 → $88 |
| 2026-07-31 | Wells Fargo | Target raised | Overweight | $93 → $97 |
| 2026-07-27 | Barclays | Downgrade | Overweight → Equal-Weight |  |
| 2026-07-02 | Morgan Stanley | Target lowered | Overweight | $86.5 → $84.5 |
| 2026-06-26 | TD Cowen | Target raised | Hold | $85 → $89 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +40.9% | +63.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +41.0% | +10.2% |
| Volatility (annualized) | 24.2% | 26.9% |
| Max drawdown | -16.6% (Feb 2026→Mar 2026) | -32.8% (Jan 2022→Sep 2022) |

## Peers (Beverages - Brewers)
ABEV (Ambev S.A.) USD 3.33 +1.83% · FMX (Fomento Economico Mexicano S.A.) USD 129.03 +0.82% · STZ (Constellation Brands, Inc.) USD 138.98 +5.27% · TAP-A (Molson Coors Beverage Company) USD 42.54 -8.93% · SAM (Boston Beer Company, Inc. (The)) USD 195.72 +7.65%

## More
Full page: https://nexqual.com/BUD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.17 | $1.17 | -0.3% | $16.28B | 5 |
| Next quarter (ends 2026-12-31) | $1.14 | $1.16 | -2.0% | $16.59B | 5 |
| Current fiscal year (ends 2026-12-31) | $4.42 | $4.39 | +0.9% | $64.69B | 11 |
| Next fiscal year (ends 2027-12-31) | $4.91 | $4.91 | +0.1% | $67.19B | 11 |