Signaturefd LLC lifted its holdings in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 10.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,570 shares of the consumer goods maker’s stock after acquiring an additional 523 shares during the quarter. Signaturefd LLC’s holdings in Anheuser Busch Inbev were worth $530,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BUD. Renaissance Technologies LLC boosted its stake in Anheuser Busch Inbev by 103.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,083,800 shares of the consumer goods maker’s stock valued at $95,927,000 after purchasing an additional 550,500 shares during the period. Fisher Asset Management LLC lifted its position in shares of Anheuser Busch Inbev by 2.5% during the 2nd quarter. Fisher Asset Management LLC now owns 6,862,410 shares of the consumer goods maker’s stock valued at $607,392,000 after acquiring an additional 165,266 shares during the period. Balyasny Asset Management LLC lifted its position in shares of Anheuser Busch Inbev by 16.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,123,209 shares of the consumer goods maker’s stock valued at $99,415,000 after acquiring an additional 162,297 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Anheuser Busch Inbev by 11.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 569,578 shares of the consumer goods maker’s stock valued at $50,413,000 after acquiring an additional 60,675 shares during the period. Finally, Boston Partners lifted its position in shares of Anheuser Busch Inbev by 303.0% during the 2nd quarter. Boston Partners now owns 68,866 shares of the consumer goods maker’s stock valued at $6,095,000 after acquiring an additional 51,776 shares during the period. Institutional investors and hedge funds own 4.53% of the company’s stock.
A number of analysts have recently weighed in on BUD shares. ValuEngine downgraded Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. UBS Group cut Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Jefferies Financial Group raised Anheuser Busch Inbev to a “hold” rating and set a $95.00 price target for the company in a report on Monday, August 12th. Bank of America raised Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. They noted that the move was a valuation call. Finally, Barclays cut Anheuser Busch Inbev from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $87.94.
Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. The firm had revenue of $13.96 billion for the quarter, compared to analyst estimates of $13.81 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s revenue was down .2% on a year-over-year basis. Sell-side analysts anticipate that Anheuser Busch Inbev NV will post 4.85 EPS 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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