Griffin Asset Management Inc. bought a new position in Anheuser-Busch Inbev SA (NYSE:BUD) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,262 shares of the consumer goods maker’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of Anheuser-Busch Inbev SA by 0.8% in the 2nd quarter. Franklin Resources Inc. now owns 8,950,919 shares of the consumer goods maker’s stock worth $987,823,000 after acquiring an additional 70,245 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of 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 acquiring an additional 57,541 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Anheuser-Busch Inbev SA by 11.3% in the 1st quarter. Clearbridge Investments LLC now owns 4,938,501 shares of the consumer goods maker’s stock worth $542,050,000 after acquiring an additional 502,195 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Anheuser-Busch Inbev SA by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock worth $349,844,000 after acquiring an additional 352,595 shares during the last quarter. Finally, Fayez Sarofim & Co. raised its holdings in shares of Anheuser-Busch Inbev SA by 2.1% in the 2nd quarter. Fayez Sarofim & Co. now owns 1,086,459 shares of the consumer goods maker’s stock worth $119,901,000 after acquiring an additional 22,252 shares during the last quarter. Institutional investors own 5.50% of the company’s stock.

Anheuser-Busch Inbev SA (NYSE BUD) traded down 0.15% during midday trading on Friday, reaching $125.75. 218,432 shares of the company’s stock traded hands. The firm’s 50-day moving average is $121.04 and its 200 day moving average is $116.57. The firm has a market cap of $243.16 billion, a PE ratio of 62.69 and a beta of 1.07. Anheuser-Busch Inbev SA has a 52-week low of $98.28 and a 52-week high of $127.32.

Anheuser-Busch Inbev SA (NYSE:BUD) last issued its earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.19). The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $14.15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. Equities research analysts expect that Anheuser-Busch Inbev SA will post $4.13 earnings per share for the current fiscal year.

A number of research firms recently weighed in on BUD. BidaskClub lowered shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $125.00 target price (up previously from $111.00) on shares of Anheuser-Busch Inbev SA in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Friday, July 28th. Jefferies Group LLC set a $139.00 price objective on shares of Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Anheuser-Busch Inbev SA presently has a consensus rating of “Hold” and a consensus target price of $126.81.

TRADEMARK VIOLATION WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/10/20/griffin-asset-management-inc-buys-shares-of-3262-anheuser-busch-inbev-sa-bud.html.

About Anheuser-Busch Inbev SA

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.

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

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.