Verition Fund Management LLC purchased a new position in Anheuser-Busch Inbev SA (NYSE:BUD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,444 shares of the consumer goods maker’s stock, valued at approximately $601,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Anheuser-Busch Inbev SA by 0.8% during the 2nd quarter. Franklin Resources Inc. now owns 8,950,919 shares of the consumer goods maker’s stock valued at $987,823,000 after buying an additional 70,245 shares during the period. Fisher Asset Management LLC grew its position in Anheuser-Busch Inbev SA by 1.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,707,561 shares of the consumer goods maker’s stock valued at $629,886,000 after acquiring an additional 57,541 shares during the last quarter. Clearbridge Investments LLC grew its position in Anheuser-Busch Inbev SA by 11.3% in the 1st quarter. Clearbridge Investments LLC now owns 4,938,501 shares of the consumer goods maker’s stock valued at $542,050,000 after acquiring an additional 502,195 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Anheuser-Busch Inbev SA by 12.5% in the 2nd 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 acquiring an additional 352,595 shares during the last quarter. Finally, Fayez Sarofim & Co. grew its position in Anheuser-Busch Inbev SA by 2.1% in the 2nd quarter. Fayez Sarofim & Co. now owns 1,086,459 shares of the consumer goods maker’s stock valued at $119,901,000 after acquiring an additional 22,252 shares during the last quarter. 5.52% of the stock is currently owned by institutional investors and hedge funds.
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Several equities analysts have commented on BUD shares. Zacks Investment Research raised Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research report on Wednesday, July 19th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Wednesday, September 13th. Jefferies Group LLC reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Monday, July 10th. Argus started coverage on Anheuser-Busch Inbev SA in a research report on Friday, September 8th. They set a “buy” rating and a $136.00 price target on the stock. Finally, Susquehanna Bancshares Inc set a $111.00 price target on Anheuser-Busch Inbev SA and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.39.
Shares of Anheuser-Busch Inbev SA (BUD) traded down 0.41% on Friday, hitting $119.92. The stock had a trading volume of 617,115 shares. The firm’s 50-day moving average price is $121.58 and its 200 day moving average price is $117.01. The firm has a market cap of $231.89 billion, a PE ratio of 59.78 and a beta of 1.07. Anheuser-Busch Inbev SA has a 52-week low of $98.28 and a 52-week high of $126.50.
Anheuser-Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.19). The firm had revenue of $14.74 billion during the quarter, compared to analyst estimates of $15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. On average, equities research analysts predict that Anheuser-Busch Inbev SA will post $4.16 EPS for the current year.
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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