Narwhal Capital Management maintained its stake in Anheuser Busch Inbev SA (NYSE:BUD) during the second quarter, Holdings Channel reports. The institutional investor owned 10,920 shares of the company’s stock at the end of the second quarter. Narwhal Capital Management’s holdings in Anheuser Busch Inbev SA were worth $1,438,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BUD. Winslow Evans & Crocker Inc. boosted its stake in Anheuser Busch Inbev SA by 0.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 782 shares of the company’s stock worth $103,000 after buying an additional 2 shares during the period. Stuart Chaussee & Associates Inc. raised its position in Anheuser Busch Inbev SA by 36.0% in the second quarter. Stuart Chaussee & Associates Inc. now owns 925 shares of the company’s stock worth $122,000 after buying an additional 245 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in Anheuser Busch Inbev SA by 58.1% in the first quarter. Ropes Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $127,000 after buying an additional 373 shares in the last quarter. Lebenthal Asset Management LLC acquired a new position in Anheuser Busch Inbev SA during the first quarter worth about $254,000. Finally, Webster Bank N. A. acquired a new position in Anheuser Busch Inbev SA during the second quarter worth about $263,000.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded up 1.13% during midday trading on Wednesday, reaching $127.30. 706,900 shares of the company traded hands. The stock has a market capitalization of $204.67 billion and a P/E ratio of 53.85. The stock’s 50-day moving average is $125.13 and its 200-day moving average is $125.02. Anheuser Busch Inbev SA has a 1-year low of $103.19 and a 1-year high of $132.91.

Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.06. The company had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same period in the prior year, the business earned $1.21 earnings per share. Anheuser Busch Inbev SA’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts predict that Anheuser Busch Inbev SA will post $3.70 EPS for the current fiscal year.

A number of equities analysts have issued reports on BUD shares. Credit Agricole SA reissued an “outperform” rating and set a $145.00 price target on shares of Anheuser Busch Inbev SA in a research report on Sunday, August 21st. Vetr lowered shares of Anheuser Busch Inbev SA from a “buy” rating to a “sell” rating and set a $120.10 price target for the company. in a research report on Wednesday, July 6th. Royal Bank Of Canada lowered shares of Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and raised their price target for the stock from $102.00 to $106.00 in a research report on Wednesday, July 6th. Investec raised their price target on shares of Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the stock a “buy” rating in a research report on Wednesday, June 1st. Finally, Natixis raised shares of Anheuser Busch Inbev SA from a “reduce” rating to a “neutral” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $133.26.

Anheuser Busch Inbev SA Company Profile

Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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.

5 Day Chart for NYSE:BUD

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