First Republic Investment Management Inc. cut its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,323 shares of the consumer goods maker’s stock after selling 2,151 shares during the quarter. First Republic Investment Management Inc.’s holdings in Anheuser Busch Inbev were worth $13,132,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Anheuser Busch Inbev by 14.0% during the second quarter. Raymond James & Associates now owns 385,630 shares of the consumer goods maker’s stock valued at $38,856,000 after purchasing an additional 47,363 shares during the last quarter. Lcnb Corp bought a new position in shares of Anheuser Busch Inbev during the second quarter valued at approximately $235,000. Renaissance Technologies LLC grew its holdings in shares of Anheuser Busch Inbev by 53.1% during the second quarter. Renaissance Technologies LLC now owns 395,300 shares of the consumer goods maker’s stock valued at $39,830,000 after purchasing an additional 137,100 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Anheuser Busch Inbev during the second quarter valued at approximately $13,451,000. Finally, Gardner Russo & Gardner LLC bought a new position in shares of Anheuser Busch Inbev during the second quarter valued at approximately $818,436,000. 4.61% of the stock is owned by institutional investors.
BUD has been the subject of several recent research reports. Zacks Investment Research raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. HSBC raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, June 4th. Susquehanna Bancshares set a $127.00 target price on Anheuser Busch Inbev and gave the company a “buy” rating in a report on Friday, May 18th. Royal Bank of Canada raised Anheuser Busch Inbev from an “underperform” rating to a “sector perform” rating in a report on Tuesday, May 22nd. Finally, Societe Generale raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus target price of $121.18.
Shares of BUD stock opened at $89.74 on Monday. Anheuser Busch Inbev NV has a 12-month low of $88.49 and a 12-month high of $126.50. The company has a market capitalization of $151.95 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.67 and a quick ratio of 0.53.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings data on Thursday, July 26th. The consumer goods maker reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Anheuser Busch Inbev had a return on equity of 21.16% and a net margin of 14.26%. The business had revenue of $14.01 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the company earned $1.06 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. equities research analysts forecast that Anheuser Busch Inbev NV will post 4.56 EPS for the current fiscal year.
Anheuser Busch Inbev Company Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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