Anheuser-Busch Inbev SA (BUD) Position Cut by Raymond James Trust N.A.
Raymond James Trust N.A. lessened its holdings in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,434 shares of the consumer goods maker’s stock after selling 1,102 shares during the quarter. Raymond James Trust N.A.’s holdings in Anheuser-Busch Inbev SA were worth $710,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Chicago Partners Investment Group LLC bought a new stake in Anheuser-Busch Inbev SA during the 2nd quarter valued at approximately $101,000. BDO Wealth Advisors LLC purchased a new position in Anheuser-Busch Inbev SA during the 2nd quarter valued at approximately $110,000. Jacobus Wealth Management Inc. grew its holdings in Anheuser-Busch Inbev SA by 4.2% during the 1st quarter. Jacobus Wealth Management Inc. now owns 1,042 shares of the consumer goods maker’s stock valued at $114,000 after buying an additional 42 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Anheuser-Busch Inbev SA by 5.1% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,103 shares of the consumer goods maker’s stock valued at $121,000 after buying an additional 54 shares in the last quarter. Finally, Oakworth Capital Inc. grew its holdings in Anheuser-Busch Inbev SA by 4.0% during the 2nd quarter. Oakworth Capital Inc. now owns 1,175 shares of the consumer goods maker’s stock valued at $130,000 after buying an additional 45 shares in the last quarter. 5.50% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $132.00 price target on shares of Anheuser-Busch Inbev SA in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Monday, July 10th. Argus assumed coverage on Anheuser-Busch Inbev SA in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price target for the company. BidaskClub cut Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $126.81.
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Anheuser-Busch Inbev SA (NYSE:BUD) opened at 121.77 on Friday. Anheuser-Busch Inbev SA has a one year low of $98.28 and a one year high of $136.08. The stock has a market cap of $235.47 billion, a PE ratio of 60.70 and a beta of 1.07. The stock has a 50 day moving average price of $118.64 and a 200-day moving average price of $114.46. Anheuser-Busch Inbev SA also was the recipient of some unusual options trading on Wednesday. Traders bought 446 call options on the stock. This is an increase of approximately 120% compared to the average daily volume of 203 call options.
Anheuser-Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $14.15 billion. During the same period in the prior year, the business posted $1.06 EPS. Anheuser-Busch Inbev SA’s revenue for the quarter was up 31.2% compared to the same quarter last year. Equities research analysts expect that Anheuser-Busch Inbev SA will post $4.14 earnings per share for the current fiscal year.
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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