Ethic Inc. Decreases Stake in Anheuser-Busch InBev SA/NV $BUD

Ethic Inc. cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.1% during the second quarter, Holdings Channel reports. The institutional investor owned 81,612 shares of the consumer goods maker’s stock after selling 4,397 shares during the quarter. Ethic Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $5,590,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BUD. GAMMA Investing LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 27.0% in the first quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker’s stock valued at $71,000 after buying an additional 246 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 1.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,879 shares of the consumer goods maker’s stock valued at $2,209,000 after buying an additional 360 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Anheuser-Busch InBev SA/NV by 6.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,213 shares of the consumer goods maker’s stock worth $2,537,000 after purchasing an additional 2,322 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Anheuser-Busch InBev SA/NV by 25.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 56,492 shares of the consumer goods maker’s stock worth $3,478,000 after purchasing an additional 11,611 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the first quarter worth $230,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BUD has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 25th. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $61.80 on Thursday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The stock has a market cap of $120.66 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The business has a fifty day moving average of $60.42 and a 200-day moving average of $64.59. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.