Anheuser Busch Inbev NV (BUD) Shares Bought by Viking Global Investors LP
Viking Global Investors LP grew its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 82.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,856,181 shares of the consumer goods maker’s stock after buying an additional 1,287,055 shares during the quarter. Anheuser Busch Inbev makes up about 2.0% of Viking Global Investors LP’s investment portfolio, making the stock its 24th largest holding. Viking Global Investors LP’s holdings in Anheuser Busch Inbev were worth $318,636,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation lifted its holdings in Anheuser Busch Inbev by 800.0% in the 3rd quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock worth $106,000 after buying an additional 784 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in Anheuser Busch Inbev in the 3rd quarter worth approximately $112,000. San Francisco Sentry Investment Group CA lifted its holdings in Anheuser Busch Inbev by 138.5% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,240 shares of the consumer goods maker’s stock worth $138,000 after buying an additional 720 shares during the period. Delpha Capital Management LLC purchased a new stake in Anheuser Busch Inbev in the 4th quarter worth approximately $149,000. Finally, Acropolis Investment Management LLC purchased a new stake in Anheuser Busch Inbev in the 4th quarter worth approximately $167,000. Institutional investors and hedge funds own 5.87% of the company’s stock.
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Anheuser Busch Inbev from $98.72 to $102.48 and gave the stock an “underweight” rating in a report on Monday, March 5th. Societe Generale upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Susquehanna Bancshares upgraded Anheuser Busch Inbev from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $125.00 to $131.00 in a report on Wednesday, February 28th. UBS Group upgraded Anheuser Busch Inbev from a “neutral” rating to a “positive” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $125.17.
Anheuser Busch Inbev (NYSE:BUD) last released its earnings results on Thursday, March 1st. The consumer goods maker reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.06. The company had revenue of $14.60 billion during the quarter, compared to analysts’ expectations of $14.49 billion. Anheuser Busch Inbev had a return on equity of 19.47% and a net margin of 14.17%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. analysts expect that Anheuser Busch Inbev NV will post 5.06 earnings per share for the current year.
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Anheuser Busch Inbev 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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