Jacobs & Co. CA Purchases 8,893 Shares of Anheuser Busch Inbev NV (NYSE:BUD)

Jacobs & Co. CA increased its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 16.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,886 shares of the consumer goods maker’s stock after acquiring an additional 8,893 shares during the quarter. Jacobs & Co. CA’s holdings in Anheuser Busch Inbev were worth $6,078,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of Anheuser Busch Inbev by 107.1% during the third quarter. SG Americas Securities LLC now owns 25,079 shares of the consumer goods maker’s stock worth $2,386,000 after acquiring an additional 12,968 shares during the last quarter. First Trust Advisors LP purchased a new stake in Anheuser Busch Inbev during the third quarter valued at $3,911,000. Haverford Trust Co. purchased a new stake in Anheuser Busch Inbev during the third quarter valued at $314,000. First National Bank of Omaha raised its stake in Anheuser Busch Inbev by 0.3% during the third quarter. First National Bank of Omaha now owns 73,015 shares of the consumer goods maker’s stock valued at $6,948,000 after purchasing an additional 213 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Anheuser Busch Inbev by 13.1% during the third quarter. Parallel Advisors LLC now owns 2,902 shares of the consumer goods maker’s stock valued at $276,000 after purchasing an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 4.54% of the company’s stock.

A number of research firms recently issued reports on BUD. UBS Group downgraded shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 price target on the stock. in a research note on Monday, September 2nd. Macquarie reaffirmed a “neutral” rating on shares of Anheuser Busch Inbev in a research note on Monday, October 28th. Bank of America raised shares of Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th. They noted that the move was a valuation call. Finally, Barclays downgraded shares of Anheuser Busch Inbev from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $89.08.

Shares of BUD traded up $0.10 during midday trading on Friday, hitting $78.48. The stock had a trading volume of 1,051,127 shares, compared to its average volume of 1,406,006. Anheuser Busch Inbev NV has a 1 year low of $64.54 and a 1 year high of $102.70. The firm has a market cap of $127.86 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.16. 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 stock’s 50 day moving average is $89.35 and its 200 day moving average is $90.23.

Anheuser Busch Inbev (NYSE:BUD) last announced its earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the prior year, the company posted $0.82 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Anheuser Busch Inbev NV will post 4.62 earnings per share for the current fiscal year.

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

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