Signature Financial Management Inc. Has $411,000 Stake in Anheuser-Busch Inbev SA (NYSE:BUD)
Signature Financial Management Inc. increased its position in Anheuser-Busch Inbev SA (NYSE:BUD) by 15.0% during the second quarter, Holdings Channel reports. The fund owned 3,715 shares of the consumer goods maker’s stock after buying an additional 485 shares during the period. Signature Financial Management Inc.’s holdings in Anheuser-Busch Inbev SA were worth $411,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its position 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 raised its position 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. bought a new position in Anheuser-Busch Inbev SA during the first quarter worth approximately $428,000. Doyle Wealth Management bought a new position in Anheuser-Busch Inbev SA during the first quarter worth approximately $6,652,000. Finally, Regent Investment Management LLC raised its position 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. 5.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Anheuser-Busch Inbev SA (NYSE:BUD) opened at 115.82 on Friday. The stock has a market cap of $223.96 billion, a P/E ratio of 57.74 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 $115.08 and a 200-day moving average price of $112.53.
Anheuser-Busch Inbev SA (NYSE:BUD) last issued its earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.14 by $0.19. The firm 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 quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 EPS. On average, equities research analysts predict that Anheuser-Busch Inbev SA will post $4.16 earnings per share for the current year.
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BUD has been the subject of a number of analyst reports. Zacks Investment Research raised Anheuser-Busch Inbev SA from a “strong sell” rating to a “hold” rating in a report on Monday, April 17th. Vetr lowered Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating and set a $109.86 price target for the company. in a report on Tuesday, April 25th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $101.00 price target (down from $109.00) on shares of Anheuser-Busch Inbev SA in a report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $132.00 price target on shares of Anheuser-Busch Inbev SA in a report on Friday, May 5th. Finally, BidaskClub lowered Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price 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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