Westhampton Capital LLC Invests $603,000 in Anheuser Busch Inbev NV (NYSE:BUD)

Westhampton Capital LLC bought a new position in Anheuser Busch Inbev NV (NYSE:BUD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,817 shares of the consumer goods maker’s stock, valued at approximately $603,000.

Several other institutional investors and hedge funds also recently modified their holdings of BUD. Clearbridge Investments LLC raised its holdings in shares of Anheuser Busch Inbev by 18.4% in the 1st quarter. Clearbridge Investments LLC now owns 10,877,335 shares of the consumer goods maker’s stock worth $913,370,000 after buying an additional 1,686,528 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Anheuser Busch Inbev by 360.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,889,669 shares of the consumer goods maker’s stock worth $158,675,000 after buying an additional 1,478,922 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Anheuser Busch Inbev by 13.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,249,020 shares of the consumer goods maker’s stock worth $524,730,000 after buying an additional 759,947 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Anheuser Busch Inbev by 48.5% in the 1st quarter. Raymond James & Associates now owns 571,543 shares of the consumer goods maker’s stock worth $47,993,000 after buying an additional 186,635 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Anheuser Busch Inbev by 2.5% in the 2nd quarter. Fisher Asset Management LLC now owns 6,862,410 shares of the consumer goods maker’s stock worth $607,392,000 after buying an additional 165,266 shares in the last quarter. 4.46% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on BUD. Jefferies Financial Group raised Anheuser Busch Inbev to a “hold” rating and set a $95.00 target price for the company in a report on Monday, August 12th. UBS Group cut Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Bank of America upgraded Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. ValuEngine upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Argus upgraded Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $89.27.

NYSE BUD traded down $0.85 during trading hours on Friday, reaching $94.73. 53,934 shares of the company’s stock were exchanged, compared to its average volume of 1,679,058. The stock has a market cap of $162.33 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.06 and a beta of 1.16. Anheuser Busch Inbev NV has a one year low of $64.54 and a one year high of $102.70. The firm has a fifty day moving average of $95.28 and a 200-day moving average of $86.47. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 1.30.

Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.12. The business had revenue of $13.96 billion for the quarter, compared to analyst estimates of $13.81 billion. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. Anheuser Busch Inbev’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. As a group, research analysts forecast that Anheuser Busch Inbev NV will post 5.06 EPS for the current year.

Anheuser Busch Inbev 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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