Summit X LLC Decreases Position in Anheuser Busch Inbev NV (BUD)

Summit X LLC reduced its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 26.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,203 shares of the consumer goods maker’s stock after selling 1,519 shares during the quarter. Summit X LLC’s holdings in Anheuser Busch Inbev were worth $368,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Anheuser Busch Inbev by 21.3% in the first quarter. BlackRock Inc. now owns 271,533 shares of the consumer goods maker’s stock valued at $29,852,000 after acquiring an additional 47,655 shares during the last quarter. Cullinan Associates Inc. acquired a new stake in Anheuser Busch Inbev in the second quarter valued at approximately $4,603,000. Fisher Asset Management LLC lifted its stake in 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 valued at $639,474,000 after acquiring an additional 202,472 shares during the last quarter. Beacon Financial Group lifted its stake in Anheuser Busch Inbev by 146.6% in the second quarter. Beacon Financial Group now owns 44,638 shares of the consumer goods maker’s stock valued at $4,498,000 after acquiring an additional 26,536 shares during the last quarter. Finally, Port Capital LLC lifted its stake in Anheuser Busch Inbev by 20.0% in the second quarter. Port Capital LLC now owns 150,863 shares of the consumer goods maker’s stock valued at $15,201,000 after acquiring an additional 25,125 shares during the last quarter. Institutional investors and hedge funds own 4.58% of the company’s stock.

Shares of Anheuser Busch Inbev stock opened at $76.51 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.47. 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 capitalization of $129.55 billion, a PE ratio of 18.94, a PEG ratio of 2.87 and a beta of 1.04.

Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings data 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). Anheuser Busch Inbev had a return on equity of 18.68% and a net margin of 12.64%. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.74 billion. As a group, analysts anticipate that Anheuser Busch Inbev NV will post 4.08 EPS for the current year.

A number of analysts have issued reports on BUD shares. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Jefferies Financial Group cut shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. Guggenheim started coverage on shares of Anheuser Busch Inbev in a research note on Thursday, September 13th. They issued a “buy” rating and a $107.00 target price for the company. Societe Generale upgraded shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Macquarie set a $92.00 target price on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research note on Tuesday, October 16th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $113.26.

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

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