Valeo Financial Advisors LLC boosted its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,835 shares of the consumer goods maker’s stock after acquiring an additional 3,784 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Anheuser Busch Inbev were worth $2,780,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of BUD. Institutional & Family Asset Management LLC bought a new position in shares of Anheuser Busch Inbev during the first quarter valued at approximately $102,000. CWM LLC grew 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 valued at $100,000 after buying an additional 931 shares during the last quarter. Opera Trading Capital bought a new position in shares of Anheuser Busch Inbev during the second quarter valued at approximately $101,000. Omnia Family Wealth LLC grew its stake in shares of Anheuser Busch Inbev by 130.1% during the first quarter. Omnia Family Wealth LLC now owns 1,238 shares of the consumer goods maker’s stock valued at $136,000 after buying an additional 700 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew 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 valued at $138,000 after buying an additional 500 shares during the last quarter. 4.61% of the stock is currently owned by institutional investors.
Shares of NYSE BUD opened at $88.66 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $153.92 billion, a P/E ratio of 21.95, a PEG ratio of 2.41 and a beta of 0.93. Anheuser Busch Inbev NV has a 52-week low of $89.93 and a 52-week high of $126.50.
Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Thursday, July 26th. The consumer goods maker reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Anheuser Busch Inbev had a return on equity of 21.16% and a net margin of 14.26%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. analysts anticipate that Anheuser Busch Inbev NV will post 4.56 EPS for the current year.
A number of analysts recently issued reports on BUD shares. Sanford C. Bernstein set a $122.00 price target on Anheuser Busch Inbev and gave the company a “buy” rating in a report on Thursday, May 10th. Zacks Investment Research lowered Anheuser Busch Inbev from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 15th. Susquehanna Bancshares set a $127.00 price target on Anheuser Busch Inbev and gave the company a “buy” rating in a report on Friday, May 18th. ValuEngine lowered Anheuser Busch Inbev from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Finally, Royal Bank of Canada upgraded Anheuser Busch Inbev from an “underperform” rating to a “sector perform” rating in a report on Tuesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $123.04.
About Anheuser Busch Inbev
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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