Principal Financial Group Inc. Has $23.22 Million Holdings in Anheuser-Busch Inbev SA (BUD)
Principal Financial Group Inc. trimmed its holdings in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 40.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 194,646 shares of the consumer goods maker’s stock after selling 129,966 shares during the period. Principal Financial Group Inc.’s holdings in Anheuser-Busch Inbev SA were worth $23,221,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of BUD. Eqis Capital Management Inc. increased its holdings in shares of Anheuser-Busch Inbev SA by 19.7% during the second quarter. Eqis Capital Management Inc. now owns 3,230 shares of the consumer goods maker’s stock valued at $356,000 after purchasing an additional 532 shares during the period. Huntington National Bank boosted its stake in Anheuser-Busch Inbev SA by 61.2% during the second quarter. Huntington National Bank now owns 2,412 shares of the consumer goods maker’s stock valued at $266,000 after buying an additional 916 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Anheuser-Busch Inbev SA by 5.1% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,008 shares of the consumer goods maker’s stock valued at $222,000 after purchasing an additional 97 shares during the period. Clarkston Capital Partners LLC boosted its position in Anheuser-Busch Inbev SA by 2.1% during the 2nd quarter. Clarkston Capital Partners LLC now owns 208,600 shares of the consumer goods maker’s stock worth $23,021,000 after acquiring an additional 4,360 shares during the period. Finally, Boston Advisors LLC boosted its position in Anheuser-Busch Inbev SA by 157.8% during the 2nd quarter. Boston Advisors LLC now owns 16,449 shares of the consumer goods maker’s stock worth $1,815,000 after acquiring an additional 10,068 shares during the period. 5.51% of the stock is currently owned by institutional investors.
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BUD has been the subject of a number of recent research reports. Jefferies Group LLC set a $139.00 price target on Anheuser-Busch Inbev SA and gave the stock a “buy” rating in a research note on Saturday, July 29th. Stifel Nicolaus reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Friday, July 28th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Wednesday, September 13th. Argus initiated 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. Finally, Susquehanna Bancshares Inc set a $129.00 price target on Anheuser-Busch Inbev SA and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Anheuser-Busch Inbev SA currently has a consensus rating of “Hold” and an average target price of $127.39.
Shares of Anheuser-Busch Inbev SA (NYSE BUD) opened at $115.62 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a market capitalization of $195,620.23, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.07. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $126.50.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its quarterly earnings data on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.19). The business had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $15 billion. Anheuser-Busch Inbev SA had a net margin of 9.57% and a return on equity of 16.57%. Anheuser-Busch Inbev SA’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. equities research analysts forecast that Anheuser-Busch Inbev SA will post 4.22 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 15th will be paid a $1.8534 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a yield of 3.07%. Anheuser-Busch Inbev SA’s dividend payout ratio is 117.28%.
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.
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