Boston Financial Mangement LLC cut its stake in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,072 shares of the consumer goods maker’s stock after selling 1,033 shares during the period. Boston Financial Mangement LLC’s holdings in Anheuser-Busch Inbev SA were worth $2,105,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in BUD. Benjamin F. Edwards & Company Inc. increased its stake in Anheuser-Busch Inbev SA by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,024 shares of the consumer goods maker’s stock worth $334,000 after buying an additional 45 shares in the last quarter. Private Wealth Partners LLC boosted its position in Anheuser-Busch Inbev SA by 42.8% in the second quarter. Private Wealth Partners LLC now owns 3,004 shares of the consumer goods maker’s stock worth $332,000 after buying an additional 900 shares during the last quarter. Boston Advisors LLC boosted its position in Anheuser-Busch Inbev SA by 157.8% in the second quarter. Boston Advisors LLC now owns 16,449 shares of the consumer goods maker’s stock worth $1,815,000 after buying an additional 10,068 shares during the last quarter. Clarkston Capital Partners LLC boosted its position in Anheuser-Busch Inbev SA by 2.1% in the second quarter. Clarkston Capital Partners LLC now owns 208,600 shares of the consumer goods maker’s stock worth $23,021,000 after buying an additional 4,360 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Anheuser-Busch Inbev SA by 5.1% in the second quarter. First Citizens Bank & Trust Co. now owns 2,008 shares of the consumer goods maker’s stock worth $222,000 after buying an additional 97 shares in the last quarter. 5.27% of the stock is currently owned by hedge funds and other institutional investors.
Anheuser-Busch Inbev SA (NYSE BUD) traded down 0.31% during midday trading on Friday, reaching $115.70. 1,145,091 shares of the company’s stock traded hands. The firm has a market cap of $223.73 billion, a PE ratio of 57.68 and a beta of 1.07. The firm’s 50-day moving average is $115.01 and its 200 day moving average is $112.46. Anheuser-Busch Inbev SA has a 52-week low of $98.28 and a 52-week high of $136.08.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.19. The company had revenue of $14.18 billion during the quarter, compared to analyst estimates of $14.15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the business earned $1.06 earnings per share. Equities research analysts expect that Anheuser-Busch Inbev SA will post $4.16 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on the company. Susquehanna Bancshares Inc set a $111.00 price target on Anheuser-Busch Inbev SA and gave the company a “hold” rating in a research note on Thursday, July 27th. Vetr downgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating and set a $104.70 price objective for the company. in a research report on Monday, May 1st. Jefferies Group LLC set a $139.00 price objective on shares of Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research report on Saturday, July 29th. BidaskClub downgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded Anheuser-Busch Inbev SA from a “strong sell” rating to a “hold” rating in a report on Monday, April 17th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Anheuser-Busch Inbev SA has an average rating of “Hold” and a consensus target price of $128.10.
About Anheuser-Busch Inbev SA
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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