Anheuser-Busch Inbev SA (NYSE:BUD) Shares Sold by IFP Advisors Inc
IFP Advisors Inc lowered its position in Anheuser-Busch Inbev SA (NYSE:BUD) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 5,194 shares of the consumer goods maker’s stock after selling 193 shares during the period. IFP Advisors Inc’s holdings in Anheuser-Busch Inbev SA were worth $573,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Anheuser-Busch Inbev SA by 18.0% in the first quarter. Bank of Montreal Can now owns 44,536 shares of the consumer goods maker’s stock worth $4,887,000 after buying an additional 6,795 shares during the last quarter. Atria Investments LLC increased its stake in Anheuser-Busch Inbev SA by 9.5% in the first quarter. Atria Investments LLC now owns 2,342 shares of the consumer goods maker’s stock worth $257,000 after buying an additional 203 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Anheuser-Busch Inbev SA during the first quarter worth approximately $428,000. Doyle Wealth Management purchased a new stake in Anheuser-Busch Inbev SA during the first quarter worth approximately $6,652,000. Finally, Regent Investment Management LLC increased 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 last quarter. Institutional investors own 5.27% of the company’s stock.
Anheuser-Busch Inbev SA (NYSE:BUD) opened at 115.82 on Friday. The firm has a market capitalization of $223.96 billion, a PE ratio of 57.74 and a beta of 1.07. The stock has a 50 day moving average price of $115.08 and a 200-day moving average price of $112.53. Anheuser-Busch Inbev SA has a 12-month low of $98.28 and a 12-month high of $136.08.
Anheuser-Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings data on Thursday, July 27th. The consumer goods maker reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.19. The business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $14.15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. On average, equities research analysts forecast that Anheuser-Busch Inbev SA will post $4.16 EPS for the current year.
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A number of analysts have commented on BUD shares. Zacks Investment Research upgraded Anheuser-Busch Inbev SA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 17th. Vetr downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating and set a $109.86 target price on the stock. in a research report on Tuesday, April 25th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $101.00 target price (down from $109.00) on shares of Anheuser-Busch Inbev SA in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $132.00 target price on shares of Anheuser-Busch Inbev SA in a research report on Friday, May 5th. Finally, BidaskClub downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $128.10.
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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