First Eagle Investment Management LLC acquired a new position in Anheuser-Busch Inbev SA (NYSE:BUD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 605,989 shares of the consumer goods maker’s stock, valued at approximately $72,294,000.
Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL grew its stake in Anheuser-Busch Inbev SA by 11.4% in the 2nd quarter. Blair William & Co. IL now owns 126,518 shares of the consumer goods maker’s stock worth $13,962,000 after acquiring an additional 12,914 shares in the last quarter. Adviser Investments LLC acquired a new stake in Anheuser-Busch Inbev SA in the third quarter valued at approximately $298,000. Cowen Inc. boosted its stake in Anheuser-Busch Inbev SA by 76.5% in the second quarter. Cowen Inc. now owns 13,035 shares of the consumer goods maker’s stock valued at $1,439,000 after acquiring an additional 5,650 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Anheuser-Busch Inbev SA by 6.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 92,615 shares of the consumer goods maker’s stock valued at $10,221,000 after acquiring an additional 5,214 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in Anheuser-Busch Inbev SA by 19.7% in the second quarter. Eqis Capital Management Inc. now owns 3,230 shares of the consumer goods maker’s stock valued at $356,000 after acquiring an additional 532 shares in the last quarter. 5.56% of the stock is currently owned by institutional investors.
Shares of Anheuser-Busch Inbev SA (BUD) traded down $0.39 during trading on Tuesday, hitting $117.77. 2,739,400 shares of the company traded hands, compared to its average volume of 1,550,945. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. Anheuser-Busch Inbev SA has a 12-month low of $98.28 and a 12-month high of $126.50. The stock has a market capitalization of $193,850.00, a PE ratio of 34.45, a PEG ratio of 1.84 and a beta of 1.07.
Anheuser-Busch Inbev SA (NYSE:BUD) last issued its earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.19). Anheuser-Busch Inbev SA had a return on equity of 16.57% and a net margin of 9.57%. The business had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $15 billion. During the same period last year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. analysts predict that Anheuser-Busch Inbev SA will post 4.22 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 15th will be issued a dividend of $1.8534 per share. The ex-dividend date is Tuesday, November 14th. This represents a dividend yield of 3.07%. Anheuser-Busch Inbev SA’s dividend payout ratio (DPR) is presently 115.41%.
Several brokerages have weighed in on BUD. Jefferies Group LLC set a $139.00 target price on shares of Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc set a $129.00 target price on shares of Anheuser-Busch Inbev SA and gave the company a “hold” rating in a research note on Wednesday, October 25th. Argus began coverage on shares of Anheuser-Busch Inbev SA in a research note on Friday, September 8th. They issued a “buy” rating and a $136.00 target price for the company. BidaskClub downgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Anheuser-Busch Inbev SA has a consensus rating of “Hold” and a consensus price target of $127.39.
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Anheuser-Busch Inbev SA Profile
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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