Morningstar Investment Services LLC Acquires 18,053 Shares of Anheuser Busch Inbev NV (NYSE:BUD)

Morningstar Investment Services LLC increased its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 14.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,525 shares of the consumer goods maker’s stock after purchasing an additional 18,053 shares during the quarter. Morningstar Investment Services LLC’s holdings in Anheuser Busch Inbev were worth $7,224,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BUD. The Manufacturers Life Insurance Company grew its stake in shares of Anheuser Busch Inbev by 87.4% in the first quarter. The Manufacturers Life Insurance Company now owns 9,988,378 shares of the consumer goods maker’s stock worth $440,687,000 after purchasing an additional 4,658,025 shares during the last quarter. Capital International Investors grew its stake in shares of Anheuser Busch Inbev by 1,754,015.2% in the first quarter. Capital International Investors now owns 3,455,607 shares of the consumer goods maker’s stock worth $152,461,000 after purchasing an additional 3,455,410 shares during the last quarter. Vontobel Asset Management Inc. grew its stake in shares of Anheuser Busch Inbev by 75.4% in the first quarter. Vontobel Asset Management Inc. now owns 2,555,461 shares of the consumer goods maker’s stock worth $122,530,000 after purchasing an additional 1,098,560 shares during the last quarter. Morgan Stanley grew its stake in shares of Anheuser Busch Inbev by 46.9% in the first quarter. Morgan Stanley now owns 3,355,232 shares of the consumer goods maker’s stock worth $148,034,000 after purchasing an additional 1,071,346 shares during the last quarter. Finally, First Manhattan Co. lifted its holdings in Anheuser Busch Inbev by 97.3% in the first quarter. First Manhattan Co. now owns 1,079,368 shares of the consumer goods maker’s stock valued at $47,621,000 after buying an additional 532,410 shares during the period. 3.72% of the stock is currently owned by institutional investors.

Shares of NYSE BUD traded down $3.65 during trading on Friday, hitting $54.43. 3,197,616 shares of the company traded hands, compared to its average volume of 1,892,906. The business’s fifty day moving average is $52.10 and its 200 day moving average is $54.64. Anheuser Busch Inbev NV has a fifty-two week low of $32.58 and a fifty-two week high of $102.59. The firm has a market capitalization of $109.75 billion, a price-to-earnings ratio of 87.79 and a beta of 1.32. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 0.83.

Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings data on Thursday, July 30th. The consumer goods maker reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.15. Anheuser Busch Inbev had a net margin of 2.55% and a return on equity of 12.24%. The firm had revenue of $10.29 billion for the quarter, compared to analyst estimates of $9.29 billion. On average, analysts predict that Anheuser Busch Inbev NV will post 1.77 EPS for the current year.

The firm also recently announced a semi-annual dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 10th were issued a $0.551 dividend. The ex-dividend date was Tuesday, June 9th. This represents a dividend yield of 3.2%. Anheuser Busch Inbev’s dividend payout ratio is presently 20.59%.

Several equities analysts recently issued reports on the stock. HSBC upgraded shares of Anheuser Busch Inbev from a “reduce” rating to a “hold” rating in a report on Thursday, April 9th. Evercore ISI upgraded shares of Anheuser Busch Inbev from an “in-line” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Thursday. Societe Generale restated a “hold” rating on shares of Anheuser Busch Inbev in a report on Thursday, June 4th. Royal Bank of Canada restated an “outperform” rating on shares of Anheuser Busch Inbev in a report on Friday. Finally, Cfra dropped their target price on shares of Anheuser Busch Inbev from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. Anheuser Busch Inbev presently has a consensus rating of “Hold” and an average target price of $77.33.

Anheuser Busch Inbev Company Profile

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

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