Willingdon Wealth Management grew its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,583 shares of the consumer goods maker’s stock after buying an additional 2,254 shares during the period. Willingdon Wealth Management’s holdings in Anheuser Busch Inbev were worth $2,503,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in BUD. CWM LLC lifted its position in shares of Anheuser Busch Inbev by 1,605.2% in the second quarter. CWM LLC now owns 989 shares of the consumer goods maker’s stock valued at $100,000 after buying an additional 931 shares during the last quarter. Opera Trading Capital acquired a new stake in shares of Anheuser Busch Inbev in the second quarter valued at approximately $101,000. Ayalon Holdings Ltd. acquired a new stake in shares of Anheuser Busch Inbev in the third quarter valued at approximately $121,000. Parkside Financial Bank & Trust lifted its position in shares of Anheuser Busch Inbev by 57.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,373 shares of the consumer goods maker’s stock valued at $138,000 after buying an additional 500 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Anheuser Busch Inbev by 87.4% in the second quarter. Chicago Partners Investment Group LLC now owns 1,636 shares of the consumer goods maker’s stock valued at $165,000 after buying an additional 763 shares during the last quarter. 4.58% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on BUD shares. Zacks Investment Research raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada upgraded Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 target price on the stock in a research note on Monday. They noted that the move was a valuation call. Macquarie set a $92.00 target price on Anheuser Busch Inbev and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Societe Generale upgraded Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Guggenheim initiated coverage on Anheuser Busch Inbev in a research note on Thursday, September 13th. They set a “buy” rating and a $107.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Anheuser Busch Inbev currently has a consensus rating of “Hold” and an average target price of $113.26.
Shares of NYSE BUD traded down $0.18 during trading hours on Friday, reaching $76.50. 11,608 shares of the stock were exchanged, compared to its average volume of 2,326,755. The firm has a market cap of $125.88 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.78 and a beta of 0.92. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.47. Anheuser Busch Inbev NV has a 52 week low of $72.88 and a 52 week high of $122.41.
Anheuser Busch Inbev (NYSE:BUD) last announced its earnings results on Thursday, October 25th. The consumer goods maker reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.74 billion. Anheuser Busch Inbev had a return on equity of 18.68% and a net margin of 12.64%. Analysts forecast that Anheuser Busch Inbev NV will post 4.08 EPS for the current 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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