Ethic Inc. Decreases Stake in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Ethic Inc. has reduced its stake in Anheuser-Busch InBev SA/NV by 5.1%, holding 81,612 shares valued at $5.59 million after selling 4,397 shares in the 2nd quarter.
• In the same period, several other institutional investors, including Dodge & Cox and Goldman Sachs Group Inc., increased their stakes in Anheuser-Busch, reflecting a diverse shift in investment positions.
• Anheuser-Busch InBev reported a quarterly EPS of $0.98, surpassing analyst expectations, even though its revenue declined by 2.1% year-over-year.

Ethic Inc. lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 5.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 81,612 shares of the consumer goods maker's stock after selling 4,397 shares during the quarter. Ethic Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $5,590,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dodge & Cox raised its position in shares of Anheuser-Busch InBev SA/NV by 2.8% during the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker's stock worth $2,531,109,000 after acquiring an additional 1,119,308 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker's stock worth $81,151,000 after acquiring an additional 265,783 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Anheuser-Busch InBev SA/NV by 34.0% during the 1st quarter. Alberta Investment Management Corp now owns 763,800 shares of the consumer goods maker's stock worth $47,020,000 after acquiring an additional 193,800 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 7.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker's stock worth $171,767,000 after acquiring an additional 190,830 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 24.8% during the 1st quarter. Raymond James Financial Inc. now owns 929,927 shares of the consumer goods maker's stock worth $57,246,000 after acquiring an additional 184,749 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Trading Down 0.1%

NYSE:BUD opened at $61.80 on Thursday. The firm has a market cap of $120.66 billion, a P/E ratio of 17.36, a PEG ratio of 1.76 and a beta of 0.76. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The stock's 50 day simple moving average is $60.42 and its 200-day simple moving average is $64.59. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The business's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. Equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BUD. Berenberg Bank reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. UBS Group reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.00.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.

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