Everett Harris & Co. CA raised its position in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 8.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,680 shares of the consumer goods maker’s stock after buying an additional 10,570 shares during the period. Everett Harris & Co. CA’s holdings in Anheuser-Busch Inbev SA were worth $15,305,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of BUD. Sigma Planning Corp boosted its position in shares of Anheuser-Busch Inbev SA by 10.0% in the first quarter. Sigma Planning Corp now owns 5,402 shares of the consumer goods maker’s stock worth $593,000 after buying an additional 491 shares during the period. Advisors Capital Management LLC acquired a new position in shares of Anheuser-Busch Inbev SA during the first quarter worth about $386,000. First Manhattan Co. boosted its position in shares of Anheuser-Busch Inbev SA by 2.6% in the first quarter. First Manhattan Co. now owns 2,488,314 shares of the consumer goods maker’s stock worth $326,989,000 after buying an additional 62,109 shares during the period. Waldron LP acquired a new position in shares of Anheuser-Busch Inbev SA during the first quarter worth about $267,000. Finally, Concorde Asset Management LLC boosted its position in shares of Anheuser-Busch Inbev SA by 90.2% in the first quarter. Concorde Asset Management LLC now owns 2,796 shares of the consumer goods maker’s stock worth $310,000 after buying an additional 1,326 shares during the period. 5.29% of the stock is owned by institutional investors.
Shares of Anheuser-Busch Inbev SA (NYSE:BUD) opened at 117.75 on Thursday. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $136.08. The company’s 50-day moving average is $115.38 and its 200 day moving average is $112.82. The company has a market capitalization of $227.69 billion, a price-to-earnings ratio of 58.70 and a beta of 1.07. Anheuser-Busch Inbev SA also was the recipient of some unusual options trading activity on Wednesday. Investors bought 446 call options on the stock. This is an increase of 120% compared to the average daily volume of 203 call options.
Anheuser-Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings data on Thursday, July 27th. The consumer goods maker reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.19. The company had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $14.15 billion. Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. On average, equities research analysts anticipate that Anheuser-Busch Inbev SA will post $4.16 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Friday, July 28th. Jefferies Group LLC set a $139.00 price target on shares of Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research report on Saturday, July 29th. BidaskClub raised shares of Anheuser-Busch Inbev SA from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $125.00 target price (up from $111.00) on shares of Anheuser-Busch Inbev SA in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Anheuser-Busch Inbev SA from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $128.10.
About Anheuser-Busch Inbev SA
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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