Tocqueville Asset Management L.P. trimmed its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 68.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,685 shares of the consumer goods maker’s stock after selling 29,070 shares during the period. Tocqueville Asset Management L.P.’s holdings in Anheuser Busch Inbev were worth $1,527,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation raised its position in shares of Anheuser Busch Inbev by 800.0% during the 3rd quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock valued at $106,000 after purchasing an additional 784 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of Anheuser Busch Inbev during the 3rd quarter valued at $112,000. San Francisco Sentry Investment Group CA raised its position in shares of Anheuser Busch Inbev by 138.5% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,240 shares of the consumer goods maker’s stock valued at $138,000 after purchasing an additional 720 shares during the period. Delpha Capital Management LLC bought a new stake in Anheuser Busch Inbev in the 4th quarter valued at $149,000. Finally, Acropolis Investment Management LLC bought a new stake in Anheuser Busch Inbev in the 4th quarter valued at $167,000. Hedge funds and other institutional investors own 5.87% of the company’s stock.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Susquehanna Bancshares set a $132.00 price target on shares of Anheuser Busch Inbev and gave the company a “hold” rating in a report on Thursday, November 30th. Societe Generale upgraded shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. JPMorgan Chase & Co. lifted their price target on shares of Anheuser Busch Inbev from $98.72 to $102.48 and gave the company an “underweight” rating in a report on Monday, March 5th. Finally, Jefferies Group set a $134.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $125.17.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings data on Thursday, March 1st. The consumer goods maker reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Anheuser Busch Inbev had a net margin of 14.17% and a return on equity of 19.47%. The business had revenue of $14.60 billion during the quarter, compared to analysts’ expectations of $14.49 billion. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 2.8% on a year-over-year basis. sell-side analysts anticipate that Anheuser Busch Inbev NV will post 5.06 earnings per share for the current fiscal year.
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Anheuser Busch Inbev 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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