Anheuser Busch Inbev NV (NYSE:BUD) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 5,540,000 shares, a drop of 12.8% from the August 30th total of 6,350,000 shares. Based on an average daily volume of 1,540,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 0.3% of the shares of the company are short sold.

Several institutional investors have recently modified their holdings of BUD. First Trust Advisors LP boosted its stake in shares of Anheuser Busch Inbev by 1.3% during the 1st quarter. First Trust Advisors LP now owns 361,904 shares of the consumer goods maker’s stock worth $30,389,000 after acquiring an additional 4,678 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Anheuser Busch Inbev during the 1st quarter worth $4,733,000. Clearbridge Investments LLC boosted its stake in shares of Anheuser Busch Inbev by 18.4% during the 1st quarter. Clearbridge Investments LLC now owns 10,877,335 shares of the consumer goods maker’s stock worth $913,370,000 after acquiring an additional 1,686,528 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Anheuser Busch Inbev during the 1st quarter worth $245,000. Finally, GYL Financial Synergies LLC purchased a new position in shares of Anheuser Busch Inbev during the 1st quarter worth $419,000. Institutional investors and hedge funds own 4.53% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Bank of America upgraded shares of Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. They noted that the move was a valuation call. UBS Group cut shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Jefferies Financial Group upgraded shares of Anheuser Busch Inbev to a “hold” rating and set a $95.00 target price on the stock in a report on Monday, August 12th. ValuEngine cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Zacks Investment Research cut shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 target price on the stock. in a report on Monday, September 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $87.94.

BUD stock traded up $0.80 on Tuesday, hitting $92.08. The company had a trading volume of 1,456,986 shares, compared to its average volume of 1,388,981. Anheuser Busch Inbev has a 12-month low of $64.54 and a 12-month high of $102.70. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 1.30. The stock’s 50-day simple moving average is $94.16 and its 200 day simple moving average is $90.46. The stock has a market cap of $150.75 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.13 and a beta of 1.18.

Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.12. The business had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $13.81 billion. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 21.79%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 EPS. Research analysts forecast that Anheuser Busch Inbev will post 4.93 earnings per share for the current year.

About Anheuser Busch Inbev

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

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