Advisor Group Inc. raised its holdings in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 19.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,357 shares of the consumer goods maker’s stock after buying an additional 2,687 shares during the period. Advisor Group Inc.’s holdings in Anheuser-Busch Inbev SA were worth $1,951,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BUD. First Eagle Investment Management LLC purchased a new stake in shares of Anheuser-Busch Inbev SA in the third quarter worth $72,294,000. Renaissance Technologies LLC grew its stake in Anheuser-Busch Inbev SA by 225.6% during the second quarter. Renaissance Technologies LLC now owns 595,500 shares of the consumer goods maker’s stock valued at $65,719,000 after acquiring an additional 412,600 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Anheuser-Busch Inbev SA by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock valued at $349,844,000 after acquiring an additional 352,595 shares in the last quarter. Seatown Holdings Pte. Ltd. purchased a new position in Anheuser-Busch Inbev SA during the third quarter valued at $36,436,000. Finally, Allen Investment Management LLC grew its stake in Anheuser-Busch Inbev SA by 59.0% during the second quarter. Allen Investment Management LLC now owns 484,999 shares of the consumer goods maker’s stock valued at $53,524,000 after acquiring an additional 179,992 shares in the last quarter. 5.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Anheuser-Busch Inbev SA (NYSE BUD) opened at $114.91 on Friday. The company has a market cap of $192,182.95, a P/E ratio of 33.09, a P/E/G ratio of 1.77 and a beta of 1.07. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.82 and a quick ratio of 0.71. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $126.50.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. analysts anticipate that Anheuser-Busch Inbev SA will post 4.22 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 15th will be paid a $1.8534 dividend. This represents a yield of 3.07%. The ex-dividend date is Tuesday, November 14th. Anheuser-Busch Inbev SA’s dividend payout ratio (DPR) is presently 117.28%.
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Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $125.00 target price (up previously from $111.00) on shares of Anheuser-Busch Inbev SA in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Friday, July 28th. Jefferies Group LLC set a $139.00 target price on shares of Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Societe Generale downgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $127.39.
Anheuser-Busch Inbev SA Company Profile
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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