Investors Research Corp Sells 4,962 Shares of Anheuser-Busch InBev SA/NV $BUD

Key Points

• Investors Research Corp has reduced its stake in Anheuser-Busch InBev SA/NV by 87.5%, selling 4,962 shares in the second quarter, and now holds only 712 shares worth $49,000.
• Despite the sale by Investors Research Corp, other institutional investors such as Dodge & Cox and Goldman Sachs Group Inc. have increased their positions in Anheuser-Busch InBev, indicating ongoing confidence in the company's prospects.
• Anheuser-Busch InBev recently reported earnings per share of $0.98, exceeding estimates, but its revenue for the quarter saw a decline of 2.1% compared to the previous year.

Investors Research Corp reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 87.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 712 shares of the consumer goods maker's stock after selling 4,962 shares during the quarter. Investors Research Corp's holdings in Anheuser-Busch InBev SA/NV were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Dodge & Cox increased its position in Anheuser-Busch InBev SA/NV by 2.8% in the first quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker's stock worth $2,531,109,000 after buying an additional 1,119,308 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Anheuser-Busch InBev SA/NV by 7.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker's stock worth $171,767,000 after buying an additional 190,830 shares during the last quarter. Clarkston Capital Partners LLC increased its position in Anheuser-Busch InBev SA/NV by 0.3% in the first quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker's stock worth $92,235,000 after buying an additional 4,455 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker's stock worth $81,151,000 after buying an additional 265,783 shares during the last quarter. Finally, Northern Trust Corp increased its position in Anheuser-Busch InBev SA/NV by 14.0% in the first quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker's stock worth $59,562,000 after buying an additional 118,775 shares during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $58.35 on Monday. The stock has a market cap of $104.87 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The stock has a fifty day moving average of $63.47 and a 200-day moving average of $65.08.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BUD. BNP Paribas raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Wall Street Zen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of "Buy" and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Company Profile

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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