Redmond Asset Management LLC lessened its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 19.8% in the 2nd quarter, Holdings Channel reports. The firm owned 4,777 shares of the consumer goods maker’s stock after selling 1,180 shares during the quarter. Redmond Asset Management LLC’s holdings in Anheuser Busch Inbev were worth $423,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Anheuser Busch Inbev by 33.9% in the fourth quarter. Geode Capital Management LLC now owns 15,341 shares of the consumer goods maker’s stock worth $1,009,000 after purchasing an additional 3,886 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Anheuser Busch Inbev by 4.4% in the first quarter. Raymond James Trust N.A. now owns 7,916 shares of the consumer goods maker’s stock worth $665,000 after purchasing an additional 334 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of Anheuser Busch Inbev in the first quarter worth about $44,000. Tompkins Financial Corp raised its stake in shares of Anheuser Busch Inbev by 368.8% in the first quarter. Tompkins Financial Corp now owns 2,916 shares of the consumer goods maker’s stock worth $255,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in shares of Anheuser Busch Inbev by 10.9% in the first quarter. Carroll Financial Associates Inc. now owns 1,157 shares of the consumer goods maker’s stock worth $97,000 after purchasing an additional 114 shares during the last quarter. 4.47% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on BUD shares. Jefferies Financial Group upgraded Anheuser Busch Inbev to a “hold” rating and set a $95.00 price objective for the company in a research note on Monday. Argus raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. Bank of America raised 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. ValuEngine raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Finally, UBS Group lowered Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $89.27.

Anheuser Busch Inbev stock traded up $0.60 during midday trading on Thursday, hitting $93.96. 57,434 shares of the company were exchanged, compared to its average volume of 2,033,530. The company has a market cap of $163.01 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.08 and a beta of 1.16. Anheuser Busch Inbev NV has a fifty-two week low of $64.54 and a fifty-two week high of $102.70. The stock’s fifty day simple moving average is $94.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.41.

Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $13.96 billion for the quarter, compared to analyst estimates of $13.81 billion. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. Anheuser Busch Inbev’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. Equities research analysts expect that Anheuser Busch Inbev NV will post 5.06 earnings per share for the current 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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Institutional Ownership by Quarter for Anheuser Busch Inbev (NYSE:BUD)

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