LPL Financial LLC raised its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 24.5% in the third quarter, HoldingsChannel.com reports. The fund owned 99,377 shares of the consumer goods maker’s stock after acquiring an additional 19,569 shares during the period. LPL Financial LLC’s holdings in Anheuser Busch Inbev were worth $8,702,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Lcnb Corp bought a new stake in shares of Anheuser Busch Inbev in the second quarter valued at approximately $235,000. Ironwood Investment Counsel LLC boosted its stake in shares of Anheuser Busch Inbev by 23.4% in the third quarter. Ironwood Investment Counsel LLC now owns 32,843 shares of the consumer goods maker’s stock valued at $2,876,000 after buying an additional 6,220 shares during the period. Kavar Capital Partners LLC bought a new stake in shares of Anheuser Busch Inbev in the third quarter valued at approximately $3,303,000. Cacti Asset Management LLC boosted its stake in shares of Anheuser Busch Inbev by 0.4% in the third quarter. Cacti Asset Management LLC now owns 229,580 shares of the consumer goods maker’s stock valued at $20,226,000 after buying an additional 1,000 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Anheuser Busch Inbev by 44.5% in the third quarter. Franklin Resources Inc. now owns 7,714,058 shares of the consumer goods maker’s stock valued at $675,521,000 after buying an additional 2,377,177 shares during the period. Institutional investors own 4.43% of the company’s stock.
Several equities research analysts recently issued reports on the company. Guggenheim assumed coverage on Anheuser Busch Inbev in a research note on Thursday, September 13th. They issued a “buy” rating and a $107.00 price target for the company. Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Argus cut Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Macquarie set a $92.00 price objective on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research report on Tuesday, October 16th. Finally, Royal Bank of Canada upgraded shares of Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 price objective for the company in a research report on Monday, October 29th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $113.26.
Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings data on Thursday, October 25th. The consumer goods maker reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Anheuser Busch Inbev had a net margin of 12.64% and a return on equity of 18.68%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.74 billion. On average, sell-side analysts anticipate that Anheuser Busch Inbev NV will post 4.08 earnings per share for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be given a dividend of $0.9131 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a yield of 2.38%. Anheuser Busch Inbev’s dividend payout ratio is currently 33.42%.
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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