Forbes J M & Co. LLP Sells 442 Shares of Anheuser-Busch Inbev SA (BUD)

Forbes J M & Co. LLP reduced its stake in Anheuser-Busch Inbev SA (NYSE:BUD) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,962 shares of the consumer goods maker’s stock after selling 442 shares during the quarter. Anheuser-Busch Inbev SA makes up approximately 1.7% of Forbes J M & Co. LLP’s investment portfolio, making the stock its 29th biggest position. Forbes J M & Co. LLP’s holdings in Anheuser-Busch Inbev SA were worth $6,838,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its holdings in Anheuser-Busch Inbev SA by 5.1% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,103 shares of the consumer goods maker’s stock worth $121,000 after purchasing an additional 54 shares during the period. Blair William & Co. IL raised its holdings in Anheuser-Busch Inbev SA by 11.4% in the 2nd quarter. Blair William & Co. IL now owns 126,518 shares of the consumer goods maker’s stock worth $13,962,000 after purchasing an additional 12,914 shares during the period. Morgan Stanley raised its holdings in Anheuser-Busch Inbev SA by 51.0% in the 1st quarter. Morgan Stanley now owns 3,892,315 shares of the consumer goods maker’s stock worth $427,221,000 after purchasing an additional 1,315,414 shares during the period. Eqis Capital Management Inc. raised its holdings in Anheuser-Busch Inbev SA by 19.7% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,230 shares of the consumer goods maker’s stock worth $356,000 after purchasing an additional 532 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Anheuser-Busch Inbev SA by 1.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,707,561 shares of the consumer goods maker’s stock worth $629,886,000 after purchasing an additional 57,541 shares during the period. 5.50% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on BUD shares. Susquehanna Bancshares Inc set a $111.00 target price on Anheuser-Busch Inbev SA and gave the stock a “hold” rating in a report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Friday, July 28th. BidaskClub upgraded Anheuser-Busch Inbev SA from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Anheuser-Busch Inbev SA from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Wednesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.81.

Shares of Anheuser-Busch Inbev SA (NYSE:BUD) traded down 0.42% on Friday, hitting $121.23. The stock had a trading volume of 152,633 shares. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $136.08. The firm has a market cap of $234.42 billion, a P/E ratio of 60.43 and a beta of 1.07. The firm’s 50-day moving average price is $118.64 and its 200 day moving average price is $114.46. Anheuser-Busch Inbev SA also saw some unusual options trading activity on Wednesday. Investors purchased 446 call options on the stock. This is an increase of approximately 120% compared to the typical volume of 203 call options.

Anheuser-Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.19). Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $14.15 billion. During the same period last year, the company earned $1.06 EPS. The business’s quarterly revenue was up 31.2% on a year-over-year basis. Analysts anticipate that Anheuser-Busch Inbev SA will post $4.14 EPS for the current fiscal year.

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Anheuser-Busch Inbev SA Company Profile

Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

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Institutional Ownership by Quarter for Anheuser-Busch Inbev SA (NYSE:BUD)

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