CI Investments Inc. Buys Shares of 147,523 Anheuser-Busch Inbev SA (BUD)

CI Investments Inc. bought a new stake in Anheuser-Busch Inbev SA (NYSE:BUD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 147,523 shares of the consumer goods maker’s stock, valued at approximately $17,599,000.

Several other institutional investors also recently modified their holdings of the company. Creative Planning raised its stake in Anheuser-Busch Inbev SA by 23.3% during the second quarter. Creative Planning now owns 14,285 shares of the consumer goods maker’s stock worth $1,576,000 after acquiring an additional 2,697 shares during the period. Eqis Capital Management Inc. lifted its position in Anheuser-Busch Inbev SA by 19.7% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,230 shares of the consumer goods maker’s stock worth $356,000 after buying an additional 532 shares in the last quarter. Windward Capital Management Co. CA lifted its position in Anheuser-Busch Inbev SA by 7.5% in the 2nd quarter. Windward Capital Management Co. CA now owns 8,531 shares of the consumer goods maker’s stock worth $941,000 after buying an additional 598 shares in the last quarter. Advisors Capital Management LLC lifted its position in Anheuser-Busch Inbev SA by 1.5% in the 2nd quarter. Advisors Capital Management LLC now owns 35,651 shares of the consumer goods maker’s stock worth $3,934,000 after buying an additional 524 shares in the last quarter. Finally, Sky Investment Group LLC lifted its position in Anheuser-Busch Inbev SA by 0.5% in the 2nd quarter. Sky Investment Group LLC now owns 6,203 shares of the consumer goods maker’s stock worth $685,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 5.56% of the company’s stock.

Anheuser-Busch Inbev SA (NYSE:BUD) traded down $0.39 during midday trading on Tuesday, reaching $117.77. 2,739,400 shares of the company’s stock traded hands, compared to its average volume of 1,550,945. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 1.30. The firm has a market cap of $193,850.00, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $126.50.

Anheuser-Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.19). The company had revenue of $14.74 billion during the quarter, compared to analyst estimates of $15 billion. Anheuser-Busch Inbev SA had a return on equity of 16.57% and a net margin of 9.57%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. sell-side analysts forecast that Anheuser-Busch Inbev SA will post 4.22 earnings per share for the current year.

The business also recently declared a semiannual dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 15th will be given a $1.8534 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a yield of 3.07%. Anheuser-Busch Inbev SA’s dividend payout ratio is 115.41%.

BUD has been the topic of a number of recent research reports. Societe Generale downgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Susquehanna Bancshares Inc set a $129.00 price target on shares of Anheuser-Busch Inbev SA and gave the company a “hold” rating in a report on Wednesday, October 25th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Wednesday, September 13th. Argus initiated coverage on shares of Anheuser-Busch Inbev SA in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price target on the stock. Finally, BidaskClub downgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $127.39.

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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.

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

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