Founders Financial Securities LLC bought a new stake in Anheuser Busch Inbev NV (NYSE:BUD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,611 shares of the consumer goods maker’s stock, valued at approximately $248,000.
Several other large investors also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new position in shares of Anheuser Busch Inbev in the third quarter valued at approximately $56,000. Clarus Wealth Advisors grew its position in shares of Anheuser Busch Inbev by 17.1% in the second quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock valued at $64,000 after purchasing an additional 105 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Anheuser Busch Inbev in the second quarter valued at approximately $89,000. Capital Investment Advisory Services LLC acquired a new position in shares of Anheuser Busch Inbev in the second quarter valued at approximately $98,000. Finally, Lindbrook Capital LLC grew its position in shares of Anheuser Busch Inbev by 21.1% in the second quarter. Lindbrook Capital LLC now owns 1,305 shares of the consumer goods maker’s stock valued at $115,000 after purchasing an additional 227 shares during the last quarter. 4.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of BUD stock traded up $0.10 during trading on Friday, hitting $78.48. The company had a trading volume of 1,051,127 shares, compared to its average volume of 1,406,006. The stock’s 50-day moving average price is $89.35 and its 200 day moving average price is $90.23. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.54. Anheuser Busch Inbev NV has a one year low of $64.54 and a one year high of $102.70. The firm has a market capitalization of $127.86 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.16.
Anheuser Busch Inbev (NYSE:BUD) last released its earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.14). Anheuser Busch Inbev had a return on equity of 23.92% and a net margin of 17.63%. The business had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts anticipate that Anheuser Busch Inbev NV will post 4.62 earnings per share for the current fiscal year.
Several research firms have recently commented on BUD. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $94.00) on shares of Anheuser Busch Inbev in a research report on Thursday. UBS Group downgraded Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research report 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. Guggenheim set a $106.00 price target on Anheuser Busch Inbev and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, ValuEngine cut Anheuser Busch Inbev from a “sell” rating to a “strong sell” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $89.08.
Anheuser Busch Inbev Company 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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