Ranger International Management LP Buys New Holdings in Anheuser-Busch Inbev SA (BUD)
Ranger International Management LP bought a new position in shares of Anheuser-Busch Inbev SA (NYSE:BUD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,520 shares of the consumer goods maker’s stock, valued at approximately $609,000. Anheuser-Busch Inbev SA accounts for 2.8% of Ranger International Management LP’s holdings, making the stock its 14th biggest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Chicago Partners Investment Group LLC acquired a new position in shares of Anheuser-Busch Inbev SA in the 2nd quarter valued at about $101,000. Evercore Wealth Management LLC acquired a new position in shares of Anheuser-Busch Inbev SA in the 2nd quarter valued at about $104,000. BDO Wealth Advisors LLC acquired a new position in shares of Anheuser-Busch Inbev SA in the 2nd quarter valued at about $110,000. Jacobus Wealth Management Inc. lifted its stake in shares of Anheuser-Busch Inbev SA by 4.2% in the 1st 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. Finally, Oakworth Capital Inc. lifted its stake in shares of Anheuser-Busch Inbev SA by 4.0% in the 2nd 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 currently owned by hedge funds and other institutional investors.
Shares of Anheuser-Busch Inbev SA (NYSE:BUD) traded up 0.48% during mid-day trading on Thursday, reaching $119.07. The company’s stock had a trading volume of 589,599 shares. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $136.08. The company has a 50-day moving average of $118.54 and a 200-day moving average of $114.79. The company has a market cap of $230.25 billion, a P/E ratio of 59.36 and a beta of 1.07. Anheuser-Busch Inbev SA also was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 446 call options on the stock. This represents an increase of 120% compared to the average daily volume of 203 call options.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $14.15 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. Anheuser-Busch Inbev SA’s revenue for the quarter was up 31.2% on a year-over-year basis. Equities research analysts forecast that Anheuser-Busch Inbev SA will post $4.14 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and issued a $132.00 price objective on shares of Anheuser-Busch Inbev SA in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Monday, July 10th. Argus assumed coverage on Anheuser-Busch Inbev SA in a research note on Friday, September 8th. They issued 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 note on Wednesday, June 14th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $125.00 price objective (up from $111.00) on shares of Anheuser-Busch Inbev SA in a research note 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 presently has a consensus rating of “Hold” and a consensus price target of $126.81.
Anheuser-Busch Inbev SA 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.
Receive News & Stock Ratings for Anheuser-Busch Inbev SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser-Busch Inbev SA and related stocks with our FREE daily email newsletter.