Edmond DE Rothschild Holding S.A. Increases Position in Anheuser-Busch Inbev SA (BUD)
Edmond DE Rothschild Holding S.A. boosted its position in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 44.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,600 shares of the consumer goods maker’s stock after buying an additional 800 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Anheuser-Busch Inbev SA were worth $288,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC purchased a new stake in Anheuser-Busch Inbev SA during the second quarter valued at approximately $101,000. BDO Wealth Advisors LLC purchased a new stake in Anheuser-Busch Inbev SA during the second quarter valued at approximately $110,000. Jacobus Wealth Management Inc. raised its position in Anheuser-Busch Inbev SA by 4.2% during the first quarter. Jacobus Wealth Management Inc. now owns 1,042 shares of the consumer goods maker’s stock valued at $114,000 after purchasing an additional 42 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Anheuser-Busch Inbev SA by 5.1% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,103 shares of the consumer goods maker’s stock valued at $121,000 after purchasing an additional 54 shares during the period. Finally, Oakworth Capital Inc. raised its position in Anheuser-Busch Inbev SA by 4.0% during the second quarter. Oakworth Capital Inc. now owns 1,175 shares of the consumer goods maker’s stock valued at $130,000 after purchasing an additional 45 shares during the period. 5.49% of the stock is owned by institutional investors.
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Shares of Anheuser-Busch Inbev SA (NYSE:BUD) opened at 120.08 on Wednesday. The company has a market cap of $232.20 billion, a PE ratio of 59.86 and a beta of 1.07. The firm’s 50-day moving average price is $118.54 and its 200 day moving average price is $114.79. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $136.08.
Anheuser-Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings data on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.19). Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The company had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $14.15 billion. During the same period in the prior year, the company posted $1.06 EPS. The firm’s revenue was up 31.2% compared to the same quarter last year. Equities research analysts anticipate that Anheuser-Busch Inbev SA will post $4.14 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. Jefferies Group LLC restated a “buy” rating and set a $132.00 price objective on shares of Anheuser-Busch Inbev SA in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Monday, July 10th. Argus assumed coverage on Anheuser-Busch Inbev SA in a research report on Friday, September 8th. They set a “buy” rating and a $136.00 price objective on the stock. BidaskClub downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $125.00 price objective (up from $111.00) on shares of Anheuser-Busch Inbev SA in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $126.81.
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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