Orca Investment Management LLC lessened its stake in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,008 shares of the consumer goods maker’s stock after selling 434 shares during the quarter. Anheuser-Busch Inbev SA makes up about 2.1% of Orca Investment Management LLC’s portfolio, making the stock its 18th biggest position. Orca Investment Management LLC’s holdings in Anheuser-Busch Inbev SA were worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Doyle Wealth Management boosted its position in Anheuser-Busch Inbev SA by 5.4% during the 3rd quarter. Doyle Wealth Management now owns 68,547 shares of the consumer goods maker’s stock valued at $8,178,000 after acquiring an additional 3,508 shares in the last quarter. Aperio Group LLC boosted its position in Anheuser-Busch Inbev SA by 15.7% during the 3rd quarter. Aperio Group LLC now owns 176,951 shares of the consumer goods maker’s stock valued at $21,110,000 after acquiring an additional 24,048 shares in the last quarter. Adviser Investments LLC bought a new stake in Anheuser-Busch Inbev SA during the 3rd quarter valued at $298,000. Bartlett & Co. LLC boosted its position in Anheuser-Busch Inbev SA by 0.3% during the 3rd quarter. Bartlett & Co. LLC now owns 165,015 shares of the consumer goods maker’s stock valued at $19,686,000 after acquiring an additional 515 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Anheuser-Busch Inbev SA by 17.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 11,078 shares of the consumer goods maker’s stock valued at $1,322,000 after acquiring an additional 1,667 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.
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Anheuser-Busch Inbev SA (NYSE BUD) traded up 0.56% during mid-day trading on Monday, hitting $120.36. The stock had a trading volume of 565,307 shares. The firm has a 50-day moving average of $121.56 and a 200-day moving average of $117.10. The stock has a market cap of $232.74 billion, a P/E ratio of 60.00 and a beta of 1.07. Anheuser-Busch Inbev SA has a 52-week low of $98.28 and a 52-week high of $126.50.
Anheuser-Busch Inbev SA (NYSE:BUD) last posted its earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.19). The business had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $15 billion. Anheuser-Busch Inbev SA had a net margin of 9.57% and a return on equity of 16.57%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. On average, analysts forecast that Anheuser-Busch Inbev SA will post $4.16 EPS for the current fiscal year.
Several analysts have issued reports on the company. Susquehanna Bancshares Inc set a $129.00 target price on Anheuser-Busch Inbev SA and gave the company a “hold” rating in a research report on Wednesday, October 25th. Jefferies Group LLC set a $139.00 target price on Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research report on Saturday, July 29th. Argus assumed coverage on Anheuser-Busch Inbev SA in a research report on Friday, September 8th. They set a “buy” rating and a $136.00 target price on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Monday, July 10th. Finally, BidaskClub cut Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Anheuser-Busch Inbev SA presently has a consensus rating of “Hold” and an average price target of $127.39.
Anheuser-Busch Inbev SA Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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