Anheuser-Busch InBev SA/NV $BUD Shares Sold by Investors Research Corp

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 trimmed its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 87.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BUD. Dodge & Cox lifted its stake in shares of 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 acquiring an additional 1,119,308 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 valued at $81,151,000 after buying an additional 265,783 shares during the period. Two Sigma Advisers LP lifted its stake in Anheuser-Busch InBev SA/NV by 237.0% in the fourth quarter. Two Sigma Advisers LP now owns 343,102 shares of the consumer goods maker's stock valued at $17,179,000 after buying an additional 241,300 shares during the period. Alberta Investment Management Corp lifted its stake in Anheuser-Busch InBev SA/NV by 34.0% in the first quarter. Alberta Investment Management Corp now owns 763,800 shares of the consumer goods maker's stock valued at $47,020,000 after buying an additional 193,800 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake 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 valued at $171,767,000 after buying an additional 190,830 shares during the period. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BUD. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Royal Bank Of Canada reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, September 10th. Finally, Sanford C. Bernstein reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock traded up $0.73 during midday trading on Friday, reaching $59.31. The stock had a trading volume of 1,264,164 shares, compared to its average volume of 2,387,498. The firm has a fifty day simple moving average of $62.72 and a two-hundred day simple moving average of $64.97. The stock has a market cap of $106.58 billion, a PE ratio of 16.65, a P/E/G ratio of 1.66 and a beta of 0.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping 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 company's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

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.