Anheuser Busch Inbev NV (NYSE:BUD) Position Reduced by Redmond Asset Management LLC

Redmond Asset Management LLC decreased its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 19.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,777 shares of the consumer goods maker’s stock after selling 1,180 shares during the period. Redmond Asset Management LLC’s holdings in Anheuser Busch Inbev were worth $423,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Lenox Wealth Management Inc. raised its holdings in Anheuser Busch Inbev by 423.7% during the first quarter. Lenox Wealth Management Inc. now owns 309 shares of the consumer goods maker’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. Investors Research Corp bought a new stake in Anheuser Busch Inbev during the first quarter worth approximately $26,000. Enterprise Financial Services Corp raised its holdings in Anheuser Busch Inbev by 135.7% during the first quarter. Enterprise Financial Services Corp now owns 337 shares of the consumer goods maker’s stock worth $28,000 after purchasing an additional 194 shares in the last quarter. Strategy Asset Managers LLC bought a new stake in Anheuser Busch Inbev during the first quarter worth approximately $28,000. Finally, Alera Investment Advisors LLC raised its holdings in Anheuser Busch Inbev by 114.9% during the first quarter. Alera Investment Advisors LLC now owns 346 shares of the consumer goods maker’s stock worth $29,000 after purchasing an additional 185 shares in the last quarter. 4.47% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser Busch Inbev stock traded up $0.60 during mid-day trading on Thursday, hitting $93.96. The company’s stock had a trading volume of 57,434 shares, compared to its average volume of 2,033,530. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $163.01 billion, a PE ratio of 27.25, a P/E/G ratio of 2.08 and a beta of 1.16. Anheuser Busch Inbev NV has a twelve month low of $64.54 and a twelve month high of $102.70. The firm’s fifty day simple moving average is $94.29.

Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.12. The firm had revenue of $13.96 billion for the quarter, compared to analyst estimates of $13.81 billion. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 21.79%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. As a group, analysts anticipate that Anheuser Busch Inbev NV will post 5.06 earnings per share for the current year.

BUD has been the topic of several recent analyst reports. ValuEngine raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Argus upgraded shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Bank of America upgraded shares of Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. Jefferies Financial Group upgraded shares of Anheuser Busch Inbev to a “hold” rating and set a $95.00 price target on the stock in a research report on Monday. Finally, UBS Group lowered shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.27.

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. The company 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, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

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

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