Adalta Capital Management LLC lessened its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,940 shares of the consumer goods maker’s stock after selling 500 shares during the quarter. Anheuser Busch Inbev accounts for 3.2% of Adalta Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Adalta Capital Management LLC’s holdings in Anheuser Busch Inbev were worth $4,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. OLD Mission Capital LLC acquired a new position in shares of Anheuser Busch Inbev in the fourth quarter worth about $3,207,000. Raymond James & Associates lifted its stake in shares of Anheuser Busch Inbev by 10.3% in the fourth quarter. Raymond James & Associates now owns 340,955 shares of the consumer goods maker’s stock worth $38,040,000 after acquiring an additional 31,760 shares in the last quarter. Viking Global Investors LP lifted its stake in shares of Anheuser Busch Inbev by 82.0% in the fourth quarter. Viking Global Investors LP now owns 2,856,181 shares of the consumer goods maker’s stock worth $318,636,000 after acquiring an additional 1,287,055 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Anheuser Busch Inbev by 24.5% in the fourth quarter. Guggenheim Capital LLC now owns 50,504 shares of the consumer goods maker’s stock worth $5,634,000 after acquiring an additional 9,941 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Anheuser Busch Inbev by 10.4% in the fourth quarter. Clearbridge Investments LLC now owns 5,597,430 shares of the consumer goods maker’s stock worth $624,449,000 after acquiring an additional 529,519 shares in the last quarter. Institutional investors own 5.87% of the company’s stock.
BUD has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on Anheuser Busch Inbev from $106.68 to $98.72 and set an “underweight” rating on the stock in a research note on Thursday, February 15th. UBS Group raised Anheuser Busch Inbev from a “neutral” rating to a “positive” rating in a report on Wednesday, February 28th. Jefferies Group set a $134.00 price objective on Anheuser Busch Inbev and gave the company a “buy” rating in a report on Thursday, January 11th. Susquehanna Bancshares set a $132.00 price objective on Anheuser Busch Inbev and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Anheuser Busch Inbev presently has a consensus rating of “Hold” and a consensus target price of $126.02.
Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Thursday, March 1st. The consumer goods maker reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. The company had revenue of $14.60 billion during the quarter, compared to analyst estimates of $14.49 billion. Anheuser Busch Inbev had a return on equity of 19.47% and a net margin of 14.17%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. equities analysts anticipate that Anheuser Busch Inbev NV will post 5.06 EPS for the current year.
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About Anheuser Busch Inbev
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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