Kanawha Capital Management LLC Takes Position in Anheuser-Busch Inbev SA (NYSE:BUD)

Kanawha Capital Management LLC acquired a new position in shares of Anheuser-Busch Inbev SA (NYSE:BUD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,445 shares of the consumer goods maker’s stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ironwood Investment Management LLC increased its position in shares of Anheuser-Busch Inbev SA by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 3,322 shares of the consumer goods maker’s stock worth $367,000 after buying an additional 23 shares during the period. Sky Investment Group LLC increased its position in shares of Anheuser-Busch Inbev SA by 0.5% in the second quarter. Sky Investment Group LLC now owns 6,203 shares of the consumer goods maker’s stock worth $685,000 after buying an additional 30 shares during the period. Parallel Advisors LLC increased its position in shares of Anheuser-Busch Inbev SA by 2.0% in the first quarter. Parallel Advisors LLC now owns 1,761 shares of the consumer goods maker’s stock worth $199,000 after buying an additional 34 shares during the period. Jacobus Wealth Management Inc. increased its position in shares of Anheuser-Busch Inbev SA by 4.2% in the first quarter. Jacobus Wealth Management Inc. now owns 1,042 shares of the consumer goods maker’s stock worth $114,000 after buying an additional 42 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Anheuser-Busch Inbev SA by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,024 shares of the consumer goods maker’s stock worth $334,000 after buying an additional 45 shares during the period. Institutional investors own 5.27% of the company’s stock.

Shares of Anheuser-Busch Inbev SA (NYSE BUD) traded down 0.21% during mid-day trading on Friday, hitting $115.82. The stock had a trading volume of 1,332,242 shares. The firm has a 50 day moving average of $115.08 and a 200-day moving average of $112.53. The stock has a market cap of $223.96 billion, a P/E ratio of 57.74 and a beta of 1.07. Anheuser-Busch Inbev SA has a one year low of $98.28 and a one year high of $136.08.

Anheuser-Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.19. The firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $14.15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The business’s revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share. Equities research analysts expect that Anheuser-Busch Inbev SA will post $4.16 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on BUD. Jefferies Group LLC reiterated a “buy” rating and set a $132.00 price objective on shares of Anheuser-Busch Inbev SA in a research note on Wednesday, June 28th. BidaskClub downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Monday, July 10th. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $103.00 price objective (up from $101.00) on shares of Anheuser-Busch Inbev SA in a research note on Thursday, May 4th. Finally, Vetr cut Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating and set a $109.86 price target on the stock. in a report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $128.10.

Anheuser-Busch Inbev SA Company 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.

Institutional Ownership by Quarter for Anheuser-Busch Inbev SA (NYSE:BUD)

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