Manitou Investment Management Ltd. Trims Stock Holdings in Anheuser Busch Inbev NV (NYSE:BUD)

Manitou Investment Management Ltd. reduced its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 32.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,160 shares of the consumer goods maker’s stock after selling 5,410 shares during the quarter. Anheuser Busch Inbev comprises approximately 0.3% of Manitou Investment Management Ltd.’s portfolio, making the stock its 23rd biggest holding. Manitou Investment Management Ltd.’s holdings in Anheuser Busch Inbev were worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. ETRADE Capital Management LLC lifted its position in shares of Anheuser Busch Inbev by 7.9% in the second quarter. ETRADE Capital Management LLC now owns 29,938 shares of the consumer goods maker’s stock valued at $2,650,000 after acquiring an additional 2,188 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Anheuser Busch Inbev by 3.0% in the 2nd quarter. Raymond James Trust N.A. now owns 8,156 shares of the consumer goods maker’s stock worth $722,000 after purchasing an additional 240 shares during the period. AE Wealth Management LLC purchased a new position in shares of Anheuser Busch Inbev in the 2nd quarter worth about $419,000. Court Place Advisors LLC purchased a new position in shares of Anheuser Busch Inbev in the 2nd quarter worth about $204,000. Finally, Comerica Bank raised its holdings in shares of Anheuser Busch Inbev by 2.8% in the 2nd quarter. Comerica Bank now owns 104,736 shares of the consumer goods maker’s stock worth $9,260,000 after purchasing an additional 2,895 shares during the period. Institutional investors and hedge funds own 4.54% of the company’s stock.

Shares of BUD stock traded up $0.10 during trading hours on Friday, reaching $78.48. The company had a trading volume of 1,051,127 shares, compared to its average volume of 1,406,006. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.54. Anheuser Busch Inbev NV has a twelve month low of $64.54 and a twelve month high of $102.70. The company has a market capitalization of $127.86 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.16. The stock’s fifty day simple moving average is $89.35 and its 200 day simple moving average is $90.23.

Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.14). Anheuser Busch Inbev had a net margin of 17.63% and a return on equity of 23.92%. The company had revenue of $13.17 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same quarter last year, the business posted $0.82 EPS. Anheuser Busch Inbev’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts expect that Anheuser Busch Inbev NV will post 4.62 earnings per share for the current year.

A number of equities analysts have recently commented on the company. Bank of America upgraded Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. They noted that the move was a valuation call. UBS Group downgraded Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. ValuEngine downgraded Anheuser Busch Inbev from a “sell” rating to a “strong sell” rating in a report on Friday. Barclays downgraded Anheuser Busch Inbev from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 27th. Finally, Macquarie reiterated a “neutral” rating on shares of Anheuser Busch Inbev in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Anheuser Busch Inbev has a consensus rating of “Hold” and an average price target of $89.08.

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. The company 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, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

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Institutional Ownership by Quarter for Anheuser Busch Inbev (NYSE:BUD)

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