Cramer Rosenthal Mcglynn LLC lifted its position in Anheuser Busch Inbev NV (NYSE:BUD) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,207 shares of the consumer goods maker’s stock after purchasing an additional 10,365 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Anheuser Busch Inbev were worth $20,425,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in BUD. First Eagle Investment Management LLC bought a new position in shares of Anheuser Busch Inbev in the third quarter worth $72,294,000. Turim 21 Investimentos Ltda. bought a new position in Anheuser Busch Inbev in the third quarter valued at $58,623,000. Renaissance Technologies LLC increased its stake in Anheuser Busch Inbev by 225.6% in the second quarter. Renaissance Technologies LLC now owns 595,500 shares of the consumer goods maker’s stock valued at $65,719,000 after acquiring an additional 412,600 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Anheuser Busch Inbev by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock valued at $349,844,000 after acquiring an additional 352,595 shares during the last quarter. Finally, Seatown Holdings Pte. Ltd. bought a new position in Anheuser Busch Inbev in the third quarter valued at $36,436,000. 5.67% of the stock is currently owned by hedge funds and other institutional investors.
BUD has been the topic of a number of research analyst reports. Berenberg Bank reissued a “buy” rating on shares of Anheuser Busch Inbev in a research note on Wednesday, September 13th. Argus initiated coverage on Anheuser Busch Inbev in a research note on Friday, September 8th. They issued a “buy” rating and a $136.00 target price on the stock. Susquehanna Bancshares set a $129.00 target price on Anheuser Busch Inbev and gave the company a “hold” rating in a research note on Wednesday, October 25th. Societe Generale cut Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Finally, BidaskClub cut Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.81.
Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings data on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.19). Anheuser Busch Inbev had a net margin of 9.57% and a return on equity of 16.57%. The company had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $15 billion. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. sell-side analysts anticipate that Anheuser Busch Inbev NV will post 4.22 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $1.8534 per share. The ex-dividend date is Tuesday, November 14th. This represents a dividend yield of 3.07%. Anheuser Busch Inbev’s dividend payout ratio (DPR) is currently 117.28%.
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Anheuser Busch Inbev Company 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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