Morningstar Investment Services LLC Sells 256 Shares of Anheuser Busch Inbev NV (NYSE:BUD)
Morningstar Investment Services LLC cut its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,357 shares of the consumer goods maker’s stock after selling 256 shares during the quarter. Morningstar Investment Services LLC’s holdings in Anheuser Busch Inbev were worth $7,820,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Clarus Wealth Advisors boosted its position in Anheuser Busch Inbev by 17.1% in the second quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock worth $64,000 after purchasing an additional 105 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in Anheuser Busch Inbev by 3.2% during the second quarter. Miracle Mile Advisors LLC now owns 3,669 shares of the consumer goods maker’s stock worth $325,000 after buying an additional 114 shares during the last quarter. National Asset Management Inc. raised its position in Anheuser Busch Inbev by 3.7% in the first quarter. National Asset Management Inc. now owns 3,523 shares of the consumer goods maker’s stock worth $297,000 after acquiring an additional 126 shares during the period. Red Cedar Capital LLC raised its position in Anheuser Busch Inbev by 0.4% in the first quarter. Red Cedar Capital LLC now owns 31,981 shares of the consumer goods maker’s stock worth $2,685,000 after acquiring an additional 127 shares during the period. Finally, Weik Capital Management boosted its stake in Anheuser Busch Inbev by 1.1% in the first quarter. Weik Capital Management now owns 11,915 shares of the consumer goods maker’s stock valued at $1,001,000 after acquiring an additional 130 shares during the last quarter. 4.37% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the stock. Bank of America raised shares of Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. UBS Group cut shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Jefferies Financial Group upgraded Anheuser Busch Inbev to a “hold” rating and set a $95.00 price objective on the stock in a research note on Monday, August 12th. Zacks Investment Research lowered Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 price objective for the company. in a report on Monday, September 2nd. Finally, Argus raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus target price of $90.66.
Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $13.96 billion for the quarter, compared to analyst estimates of $13.81 billion. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 21.79%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, sell-side analysts predict that Anheuser Busch Inbev NV will post 5.06 EPS for the current year.
Anheuser Busch Inbev 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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