Flagship Harbor Advisors LLC grew its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 102.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,193 shares of the consumer goods maker’s stock after buying an additional 2,118 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Anheuser Busch Inbev were worth $363,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. CWM LLC raised its holdings in Anheuser Busch Inbev by 1,605.2% in the 2nd quarter. CWM LLC now owns 989 shares of the consumer goods maker’s stock worth $100,000 after purchasing an additional 931 shares during the period. Opera Trading Capital acquired a new position in Anheuser Busch Inbev in the 2nd quarter worth about $101,000. Ayalon Holdings Ltd. acquired a new position in Anheuser Busch Inbev in the 3rd quarter worth about $121,000. Parkside Financial Bank & Trust raised its holdings in Anheuser Busch Inbev by 57.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,373 shares of the consumer goods maker’s stock worth $138,000 after purchasing an additional 500 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Anheuser Busch Inbev by 87.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,636 shares of the consumer goods maker’s stock worth $165,000 after purchasing an additional 763 shares during the period. 4.61% of the stock is owned by institutional investors and hedge funds.
NYSE:BUD opened at $74.62 on Friday. Anheuser Busch Inbev NV has a 12 month low of $72.88 and a 12 month high of $118.35. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.47. The company has a market cap of $129.77 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.87 and a beta of 1.04.
Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings data on Thursday, October 25th. The consumer goods maker reported $0.82 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 firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.74 billion. Equities research analysts forecast that Anheuser Busch Inbev NV will post 4.08 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be paid a dividend of $0.9131 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a yield of 2.38%. Anheuser Busch Inbev’s dividend payout ratio (DPR) is currently 91.83%.
BUD has been the subject of a number of analyst reports. Zacks Investment Research raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Jefferies Financial Group cut Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Guggenheim initiated coverage on Anheuser Busch Inbev in a report on Thursday, September 13th. They issued a “buy” rating and a $107.00 price target for the company. Societe Generale raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Macquarie set a $92.00 price target on Anheuser Busch Inbev and gave the stock a “buy” rating in a report on Tuesday, October 16th. Four analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus price target of $113.26.
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Anheuser Busch Inbev Company 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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