Advisor Partners LLC lifted its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,599 shares of the consumer goods maker’s stock after acquiring an additional 1,330 shares during the quarter. Advisor Partners LLC’s holdings in Anheuser Busch Inbev were worth $533,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new position in Anheuser Busch Inbev during the third quarter worth approximately $56,000. Clarus Wealth Advisors increased its position in Anheuser Busch Inbev by 17.1% during the second quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock worth $64,000 after buying an additional 105 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Anheuser Busch Inbev during the second quarter worth approximately $89,000. Capital Investment Advisory Services LLC acquired a new position in Anheuser Busch Inbev during the second quarter worth approximately $98,000. Finally, Lindbrook Capital LLC increased its position in Anheuser Busch Inbev by 21.1% during the second quarter. Lindbrook Capital LLC now owns 1,305 shares of the consumer goods maker’s stock worth $115,000 after buying an additional 227 shares during the last quarter. 4.53% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on BUD shares. Zacks Investment Research downgraded Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 price target on the stock. in a research report on Monday, September 2nd. ValuEngine downgraded Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Bank of America raised Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. UBS Group downgraded Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group upgraded Anheuser Busch Inbev to a “hold” rating and set a $95.00 price objective for the company in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Anheuser Busch Inbev presently has a consensus rating of “Hold” and a consensus price target of $87.94.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings data on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. The company had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $13.81 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Equities research analysts expect that Anheuser Busch Inbev NV will post 4.85 earnings per share for the current year.
Anheuser Busch Inbev Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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