Valeo Financial Advisors LLC lowered its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,900 shares of the consumer goods maker’s stock after selling 2,935 shares during the period. Valeo Financial Advisors LLC’s holdings in Anheuser Busch Inbev were worth $1,916,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of BUD. Gardner Russo & Gardner LLC purchased a new position in shares of Anheuser Busch Inbev in the second quarter worth $818,436,000. Vontobel Asset Management Inc. purchased a new position in shares of Anheuser Busch Inbev in the second quarter worth $43,660,000. Russell Investments Group Ltd. raised its holdings in shares of Anheuser Busch Inbev by 446.8% in the third quarter. Russell Investments Group Ltd. now owns 391,204 shares of the consumer goods maker’s stock worth $34,290,000 after buying an additional 319,654 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Anheuser Busch Inbev by 3.3% in the second quarter. Fisher Asset Management LLC now owns 6,346,504 shares of the consumer goods maker’s stock worth $639,474,000 after buying an additional 202,472 shares during the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Anheuser Busch Inbev in the second quarter worth $1,946,000. 4.58% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on BUD. Jefferies Financial Group cut shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Macquarie cut shares of Anheuser Busch Inbev from an “outperform” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Wednesday. Zacks Investment Research cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Guggenheim assumed coverage on shares of Anheuser Busch Inbev in a report on Thursday, September 13th. They set a “buy” rating and a $107.00 target price for the company. Finally, Societe Generale raised shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Anheuser Busch Inbev has an average rating of “Hold” and an average price target of $113.26.
Shares of Anheuser Busch Inbev stock opened at $76.82 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.67 and a quick ratio of 0.53. Anheuser Busch Inbev NV has a 1 year low of $72.88 and a 1 year high of $122.41. The firm has a market cap of $125.88 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 2.78 and a beta of 0.92.
Anheuser Busch Inbev (NYSE:BUD) last issued its earnings results on Thursday, October 25th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). Anheuser Busch Inbev had a return on equity of 18.68% and a net margin of 12.64%. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.74 billion. As a group, equities analysts anticipate that Anheuser Busch Inbev NV will post 4.08 earnings per share for the current fiscal year.
About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It 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, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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