Janney Montgomery Scott LLC boosted its position in Anheuser Busch Inbev NV (NYSE:BUD) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,708 shares of the consumer goods maker’s stock after buying an additional 15,585 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Anheuser Busch Inbev were worth $10,395,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BUD. Selective Wealth Management Inc. bought a new position in shares of Anheuser Busch Inbev during the third quarter valued at approximately $28,000. Usca Ria LLC acquired a new position in shares of Anheuser Busch Inbev during the third quarter worth approximately $36,000. Allred Capital Management LLC acquired a new position in shares of Anheuser Busch Inbev during the fourth quarter worth approximately $50,000. Contravisory Investment Management Inc. acquired a new position in shares of Anheuser Busch Inbev during the third quarter worth approximately $56,000. Finally, Lenox Wealth Management Inc. boosted its position in shares of Anheuser Busch Inbev by 166.3% during the third quarter. Lenox Wealth Management Inc. now owns 671 shares of the consumer goods maker’s stock worth $63,000 after buying an additional 419 shares during the period. 4.36% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on BUD shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $79.00 price objective (down from $94.00) on shares of Anheuser Busch Inbev in a research report on Thursday, November 7th. ValuEngine upgraded Anheuser Busch Inbev from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 19th. Macquarie reiterated a “neutral” rating on shares of Anheuser Busch Inbev in a research report on Monday, October 28th. Societe Generale started coverage on Anheuser Busch Inbev in a research report on Monday, November 25th. They set a “hold” rating for the company. Finally, Guggenheim set a $106.00 price objective on Anheuser Busch Inbev and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $89.08.
Anheuser Busch Inbev (NYSE:BUD) last released its earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.14). The firm had revenue of $13.17 billion during the quarter, compared to analyst estimates of $13.78 billion. Anheuser Busch Inbev had a return on equity of 23.92% and a net margin of 17.63%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Equities analysts expect that Anheuser Busch Inbev NV will post 4.17 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. 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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