Haverford Trust Co. purchased a new position in Anheuser Busch Inbev NV (NYSE:BUD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,300 shares of the consumer goods maker’s stock, valued at approximately $314,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BUD. ETRADE Capital Management LLC grew its position in shares of Anheuser Busch Inbev by 7.9% in the second quarter. ETRADE Capital Management LLC now owns 29,938 shares of the consumer goods maker’s stock valued at $2,650,000 after purchasing an additional 2,188 shares during the period. Raymond James Trust N.A. grew its position in shares of Anheuser Busch Inbev by 3.0% in the second quarter. Raymond James Trust N.A. now owns 8,156 shares of the consumer goods maker’s stock valued at $722,000 after purchasing an additional 240 shares during the period. AE Wealth Management LLC purchased a new stake in shares of Anheuser Busch Inbev in the second quarter valued at $419,000. Court Place Advisors LLC purchased a new stake in shares of Anheuser Busch Inbev in the second quarter valued at $204,000. Finally, Comerica Bank grew its position in shares of Anheuser Busch Inbev by 2.8% in the second quarter. Comerica Bank now owns 104,736 shares of the consumer goods maker’s stock valued at $9,260,000 after purchasing an additional 2,895 shares during the period. 4.54% of the stock is owned by institutional investors.
BUD stock traded up $0.10 during trading on Friday, reaching $78.48. 1,051,127 shares of the stock traded hands, compared to its average volume of 1,406,006. The business’s 50 day moving average price is $89.35 and its 200-day moving average price is $90.23. Anheuser Busch Inbev NV has a 52-week low of $64.54 and a 52-week high of $102.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.41. The firm has a market capitalization of $127.86 billion, a PE ratio of 22.81, a P/E/G ratio of 2.02 and a beta of 1.16.
Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.14). Anheuser Busch Inbev had a net margin of 17.63% and a return on equity of 23.92%. The firm had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same period last year, the firm posted $0.82 EPS. Anheuser Busch Inbev’s revenue was down .8% on a year-over-year basis. On average, equities research analysts predict that Anheuser Busch Inbev NV will post 4.62 earnings per share for the current year.
A number of brokerages have recently commented on BUD. Guggenheim set a $106.00 price objective on Anheuser Busch Inbev and gave the company a “buy” rating in a research report on Friday, October 25th. Macquarie reaffirmed a “neutral” rating on shares of Anheuser Busch Inbev in a research report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 price objective (down previously from $94.00) on shares of Anheuser Busch Inbev in a research report on Thursday. Bank of America raised 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. Finally, 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $89.08.
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.
Read More: FAANG Stocks
Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser Busch Inbev NV (NYSE:BUD).
Receive News & Ratings for Anheuser Busch Inbev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev and related companies with MarketBeat.com's FREE daily email newsletter.