Turim 21 Investimentos Ltda. Buys Shares of 486,864 Anheuser-Busch Inbev SA (BUD)

Turim 21 Investimentos Ltda. bought a new stake in shares of Anheuser-Busch Inbev SA (NYSE:BUD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 486,864 shares of the consumer goods maker’s stock, valued at approximately $58,623,000. Anheuser-Busch Inbev SA comprises 13.8% of Turim 21 Investimentos Ltda.’s investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in shares of Anheuser-Busch Inbev SA by 0.8% during the second quarter. Franklin Resources Inc. now owns 8,950,919 shares of the consumer goods maker’s stock valued at $987,823,000 after purchasing an additional 70,245 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Anheuser-Busch Inbev SA by 1.9% during the third quarter. Fisher Asset Management LLC now owns 5,818,807 shares of the consumer goods maker’s stock valued at $694,184,000 after purchasing an additional 111,246 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Anheuser-Busch Inbev SA by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock valued at $349,844,000 after purchasing an additional 352,595 shares during the last quarter. Fayez Sarofim & Co. lifted its holdings in shares of Anheuser-Busch Inbev SA by 4.4% during the third quarter. Fayez Sarofim & Co. now owns 1,134,543 shares of the consumer goods maker’s stock valued at $135,351,000 after purchasing an additional 48,084 shares during the last quarter. Finally, Banco BTG Pactual S.A. lifted its holdings in shares of Anheuser-Busch Inbev SA by 30.3% during the second quarter. Banco BTG Pactual S.A. now owns 695,420 shares of the consumer goods maker’s stock valued at $76,747,000 after purchasing an additional 161,544 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. Susquehanna Bancshares Inc set a $129.00 target price on Anheuser-Busch Inbev SA and gave the company a “hold” rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Friday, July 28th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Wednesday, September 13th. Argus started coverage on Anheuser-Busch Inbev SA in a research note on Friday, September 8th. They issued a “buy” rating and a $136.00 price objective for the company. Finally, Jefferies Group LLC set a $139.00 price objective on Anheuser-Busch Inbev SA and gave the stock a “buy” rating in a research note on Saturday, July 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $127.39.

Shares of Anheuser-Busch Inbev SA (BUD) traded up $0.54 during trading on Tuesday, reaching $115.53. The company had a trading volume of 1,394,000 shares, compared to its average volume of 1,560,503. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. Anheuser-Busch Inbev SA has a 1 year low of $98.28 and a 1 year high of $126.50. The stock has a market cap of $194,080.00, a P/E ratio of 33.53, a P/E/G ratio of 1.80 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 for the quarter, missing the 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 firm had revenue of $14.74 billion during the quarter, compared to analyst estimates of $15 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. research analysts forecast that Anheuser-Busch Inbev SA will post 4.22 earnings per share for the current year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 15th will be given a $1.8534 dividend. This represents a yield of 3.07%. The ex-dividend date is Tuesday, November 14th. Anheuser-Busch Inbev SA’s payout ratio is currently 119.92%.

ILLEGAL ACTIVITY NOTICE: This report was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/11/21/turim-21-investimentos-ltda-buys-shares-of-486864-anheuser-busch-inbev-sa-bud.html.

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.

Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser-Busch Inbev SA (NYSE:BUD).

Institutional Ownership by Quarter for Anheuser-Busch Inbev SA (NYSE:BUD)

Receive News & Ratings for Anheuser-Busch Inbev SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser-Busch Inbev SA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply