Morningstar Investment Services LLC trimmed its holdings in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,357 shares of the consumer goods maker’s stock after selling 256 shares during the period. Morningstar Investment Services LLC’s holdings in Anheuser Busch Inbev were worth $7,820,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Raymond James Trust N.A. raised its position in Anheuser Busch Inbev by 3.0% during the second quarter. Raymond James Trust N.A. now owns 8,156 shares of the consumer goods maker’s stock worth $722,000 after acquiring an additional 240 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Anheuser Busch Inbev in the 2nd quarter valued at about $419,000. Rockefeller Capital Management L.P. lifted its stake in Anheuser Busch Inbev by 683.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 3,134 shares of the consumer goods maker’s stock valued at $263,000 after purchasing an additional 2,734 shares during the last quarter. MML Investors Services LLC lifted its stake in Anheuser Busch Inbev by 32.2% in the 1st quarter. MML Investors Services LLC now owns 17,294 shares of the consumer goods maker’s stock valued at $1,452,000 after purchasing an additional 4,214 shares during the last quarter. Finally, Court Place Advisors LLC acquired a new stake in Anheuser Busch Inbev in the 2nd quarter valued at about $204,000. Institutional investors own 4.37% of the company’s stock.
Shares of Anheuser Busch Inbev stock traded up $0.17 on Wednesday, hitting $94.37. The stock had a trading volume of 95,634 shares, compared to its average volume of 1,056,334. The stock has a market cap of $162.18 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18. The business’s 50 day moving average is $96.47 and its two-hundred day moving average is $88.09. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev NV has a twelve month low of $64.54 and a twelve month high of $102.70.
Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.12. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. The company had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $13.81 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The company’s revenue was down .2% on a year-over-year basis. As a group, equities analysts predict that Anheuser Busch Inbev NV will post 5.06 earnings per share for the current fiscal year.
A number of brokerages have weighed in on BUD. UBS Group downgraded Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. Jefferies Financial Group raised Anheuser Busch Inbev to a “hold” rating and set a $95.00 price objective for the company in a research report on Monday, August 12th. ValuEngine downgraded Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Zacks Investment Research lowered Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 target price on the stock. in a report on Monday, September 2nd. Finally, Argus raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.66.
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. 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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