Comerica Bank raised its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,788 shares of the consumer goods maker’s stock after purchasing an additional 6,566 shares during the quarter. Comerica Bank’s holdings in Anheuser Busch Inbev were worth $8,369,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of BUD. CWM LLC increased its stake in shares of Anheuser Busch Inbev by 1,605.2% during the second quarter. CWM LLC now owns 989 shares of the consumer goods maker’s stock worth $100,000 after acquiring an additional 931 shares during the period. Opera Trading Capital acquired a new position in shares of Anheuser Busch Inbev during the second quarter worth about $101,000. Ayalon Holdings Ltd. acquired a new position in shares of Anheuser Busch Inbev during the third quarter worth about $121,000. Parkside Financial Bank & Trust increased its stake in shares of Anheuser Busch Inbev by 57.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,373 shares of the consumer goods maker’s stock worth $138,000 after acquiring an additional 500 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Anheuser Busch Inbev by 87.4% during the second quarter. Chicago Partners Investment Group LLC now owns 1,636 shares of the consumer goods maker’s stock worth $165,000 after acquiring an additional 763 shares during the period. Institutional investors own 4.61% of the company’s stock.
A number of research analysts have recently issued reports on BUD shares. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Royal Bank of Canada raised shares of Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 price objective on the stock in a report on Monday, October 29th. They noted that the move was a valuation call. Macquarie set a $92.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “buy” rating in a report on Tuesday, October 16th. Societe Generale raised shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Guggenheim started coverage on shares of Anheuser Busch Inbev in a report on Thursday, September 13th. They set a “buy” rating and a $107.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Anheuser Busch Inbev has an average rating of “Hold” and an average price target of $113.26.
BUD stock opened at $74.62 on Friday. The stock has a market cap of $128.55 billion, a P/E ratio of 18.47, a P/E/G ratio of 2.84 and a beta of 1.04. Anheuser Busch Inbev NV has a 52 week low of $72.88 and a 52 week high of $118.35. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.47.
Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings data on Thursday, October 25th. The consumer goods maker reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.74 billion. Anheuser Busch Inbev had a return on equity of 18.68% and a net margin of 12.64%. On average, equities analysts predict that Anheuser Busch Inbev NV will post 4.08 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be issued a dividend of $0.9131 per share. This represents a yield of 2.38%. The ex-dividend date is Tuesday, November 27th. Anheuser Busch Inbev’s dividend payout ratio is currently 91.83%.
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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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