Chicago Partners Investment Group LLC Purchases New Stake in Anheuser-Busch Inbev SA (NYSE:BUD)
Chicago Partners Investment Group LLC purchased a new position in shares of Anheuser-Busch Inbev SA (NYSE:BUD) during the second quarter, Holdings Channel reports. The fund purchased 921 shares of the consumer goods maker’s stock, valued at approximately $101,000.
Other large investors have also bought and sold shares of the company. Beese Fulmer Investment Management Inc. boosted its stake in Anheuser-Busch Inbev SA by 6.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 4,803 shares of the consumer goods maker’s stock worth $527,000 after buying an additional 300 shares during the period. Howe & Rusling Inc. boosted its stake in Anheuser-Busch Inbev SA by 47.5% in the first quarter. Howe & Rusling Inc. now owns 52,070 shares of the consumer goods maker’s stock worth $5,715,000 after buying an additional 16,776 shares during the period. Regent Investment Management LLC boosted its stake in Anheuser-Busch Inbev SA by 435.7% in the first quarter. Regent Investment Management LLC now owns 19,687 shares of the consumer goods maker’s stock worth $2,161,000 after buying an additional 16,012 shares during the period. Doyle Wealth Management acquired a new stake in Anheuser-Busch Inbev SA during the first quarter worth $6,652,000. Finally, Fox Run Management L.L.C. acquired a new stake in Anheuser-Busch Inbev SA during the first quarter worth $428,000. Institutional investors and hedge funds own 5.27% of the company’s stock.
Anheuser-Busch Inbev SA (NYSE BUD) opened at 118.82 on Wednesday. The company has a market cap of $229.76 billion, a PE ratio of 59.23 and a beta of 1.07. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $136.08. The company has a 50 day moving average price of $114.56 and a 200-day moving average price of $112.10.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its quarterly earnings data on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by $0.19. Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. The company had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $14.15 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. Equities analysts predict that Anheuser-Busch Inbev SA will post $4.16 earnings per share for the current fiscal year.
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A number of research firms recently weighed in on BUD. Stifel Nicolaus restated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Friday, July 28th. Jefferies Group LLC set a $139.00 price objective on Anheuser-Busch Inbev SA and gave the stock a “buy” rating in a research report on Saturday, July 29th. BidaskClub upgraded Anheuser-Busch Inbev SA from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $125.00 price objective (up previously from $111.00) on shares of Anheuser-Busch Inbev SA in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut Anheuser-Busch Inbev SA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $128.10.
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.
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