Commerzbank Aktiengesellschaft FI raised its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 28.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,656 shares of the consumer goods maker’s stock after purchasing an additional 12,081 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Anheuser Busch Inbev were worth $5,201,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Anheuser Busch Inbev in the 3rd quarter valued at $56,000. Clarus Wealth Advisors lifted its stake in shares of Anheuser Busch Inbev by 17.1% in the 2nd quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock valued at $64,000 after acquiring an additional 105 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Anheuser Busch Inbev in the 2nd quarter valued at $89,000. Capital Investment Advisory Services LLC bought a new position in shares of Anheuser Busch Inbev in the 2nd quarter valued at $98,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Anheuser Busch Inbev by 21.1% in the 2nd quarter. Lindbrook Capital LLC now owns 1,305 shares of the consumer goods maker’s stock valued at $115,000 after acquiring an additional 227 shares during the last quarter. 4.53% of the stock is currently owned by hedge funds and other institutional investors.
BUD has been the subject of a number of research reports. ValuEngine cut Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Bank of America upgraded 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. UBS Group cut Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th. Barclays cut Anheuser Busch Inbev from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 27th. Finally, Jefferies Financial Group upgraded Anheuser Busch Inbev to a “hold” rating and set a $95.00 price target for the company in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $87.94.
Anheuser Busch Inbev (NYSE:BUD) last announced its earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.12. The business had revenue of $13.96 billion during the quarter, compared to analyst estimates of $13.81 billion. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. Anheuser Busch Inbev’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. As a group, equities analysts forecast that Anheuser Busch Inbev NV will post 4.85 EPS for the current year.
About Anheuser Busch Inbev
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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