Anheuser Busch Inbev NV (BUD) Position Boosted by TD Asset Management Inc.
TD Asset Management Inc. raised its holdings in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,775 shares of the consumer goods maker’s stock after buying an additional 2,638 shares during the quarter. TD Asset Management Inc.’s holdings in Anheuser Busch Inbev were worth $12,381,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Stelac Advisory Services LLC purchased a new position in Anheuser Busch Inbev during the third quarter worth about $2,815,000. Turim 21 Investimentos Ltda. purchased a new position in Anheuser Busch Inbev during the third quarter worth about $58,623,000. Pacer Advisors Inc. grew its position in Anheuser Busch Inbev by 32.5% during the third quarter. Pacer Advisors Inc. now owns 9,129 shares of the consumer goods maker’s stock worth $1,089,000 after buying an additional 2,240 shares in the last quarter. Edge Advisors LLC grew its position in Anheuser Busch Inbev by 4.8% during the third quarter. Edge Advisors LLC now owns 37,426 shares of the consumer goods maker’s stock worth $4,464,000 after buying an additional 1,715 shares in the last quarter. Finally, Fayez Sarofim & Co. grew its position in Anheuser Busch Inbev by 4.4% during the third quarter. Fayez Sarofim & Co. now owns 1,134,543 shares of the consumer goods maker’s stock worth $135,351,000 after buying an additional 48,084 shares in the last quarter. Institutional investors and hedge funds own 5.69% of the company’s stock.
Shares of Anheuser Busch Inbev NV (NYSE BUD) opened at $115.46 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. Anheuser Busch Inbev NV has a 52 week low of $99.83 and a 52 week high of $126.50. The stock has a market capitalization of $193,859.27, a PE ratio of 33.38, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.19). Anheuser Busch Inbev had a return on equity of 16.57% and a net margin of 9.57%. The firm had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $15 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. sell-side analysts forecast that Anheuser Busch Inbev NV will post 4.22 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 15th will be paid a $1.8534 dividend. This represents a dividend yield of 3.07%. The ex-dividend date is Tuesday, November 14th. Anheuser Busch Inbev’s dividend payout ratio (DPR) is presently 117.28%.
Several equities research analysts have issued reports on BUD shares. Societe Generale lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser Busch Inbev in a research note on Wednesday, September 13th. BidaskClub lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Susquehanna Bancshares set a $129.00 price target on Anheuser Busch Inbev and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Argus started coverage on Anheuser Busch Inbev in a research note on Friday, September 8th. They set a “buy” rating and a $136.00 price target for the company. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $127.81.
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Anheuser Busch Inbev 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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