Patriot Wealth Management Inc. Buys 11,464 Shares of Anheuser Busch Inbev NV (BUD)

Patriot Wealth Management Inc. grew its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 21.5% during the fourth quarter, HoldingsChannel reports. The firm owned 64,664 shares of the consumer goods maker’s stock after buying an additional 11,464 shares during the period. Patriot Wealth Management Inc.’s holdings in Anheuser Busch Inbev were worth $7,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BUD. Evercore Wealth Management LLC acquired a new position in shares of Anheuser Busch Inbev during the second quarter worth about $104,000. Zions Bancorporation increased its position in shares of Anheuser Busch Inbev by 800.0% during the third quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock worth $106,000 after acquiring an additional 784 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Anheuser Busch Inbev during the third quarter worth about $112,000. Spectrum Asset Management Inc. NB CA purchased a new stake in shares of Anheuser Busch Inbev during the third quarter worth about $200,000. Finally, South State Corp purchased a new stake in shares of Anheuser Busch Inbev during the third quarter worth about $201,000. Institutional investors own 5.67% of the company’s stock.

Shares of Anheuser Busch Inbev NV (BUD) traded down $0.41 during trading on Wednesday, reaching $113.92. The company had a trading volume of 1,036,589 shares, compared to its average volume of 1,399,429. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. The company has a market capitalization of $193,250.00, a price-to-earnings ratio of 43.32, a P/E/G ratio of 1.46 and a beta of 1.04. Anheuser Busch Inbev NV has a 1 year low of $103.55 and a 1 year high of $126.50.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.19). The firm had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $15 billion. Anheuser Busch Inbev had a net margin of 9.57% and a return on equity of 16.57%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. equities analysts anticipate that Anheuser Busch Inbev NV will post 4.22 EPS for the current year.

A number of analysts have recently issued reports on BUD shares. Societe Generale lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Susquehanna Bancshares set a $129.00 target price on Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Anheuser Busch Inbev in a research report on Tuesday, December 5th. Zacks Investment Research lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser Busch Inbev in a research report on Wednesday, September 13th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus target price of $127.24.

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

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