Engineers Gate Manager LP Has $3.88 Million Stock Position in Anheuser-Busch InBev SA/NV $BUD

Engineers Gate Manager LP lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 56.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 47,086 shares of the consumer goods maker’s stock after selling 61,526 shares during the period. Engineers Gate Manager LP’s holdings in Anheuser-Busch InBev SA/NV were worth $3,880,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BUD. Archer Investment Corp acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at $25,000. Birchwood Financial Partners Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $26,000. GHP Investment Advisors Inc. bought a new position in Anheuser-Busch InBev SA/NV in the first quarter valued at about $32,000. Parkside Financial Bank & Trust raised its position in Anheuser-Busch InBev SA/NV by 79.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. Finally, First Horizon Corp boosted its stake in shares of Anheuser-Busch InBev SA/NV by 84.6% during the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after purchasing an additional 230 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BUD has been the topic of several research reports. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Wells Fargo & Company boosted their target price on shares of Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Barclays restated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, July 27th. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Finally, Weiss Ratings cut shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.08.

Read Our Latest Stock Report on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $78.25 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $80.58 and its two-hundred day simple moving average is $78.38. Anheuser-Busch InBev SA/NV has a 12 month low of $57.79 and a 12 month high of $86.60. The stock has a market capitalization of $158.00 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.11 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The company had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $16.23 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current year.

Anheuser-Busch InBev SA/NV Profile

(Free Report)

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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