Trade Report: Today, Highland Capital Management LLC decides to keep it stake in Anheuser Busch Inbev SA (BUD) to the level of $3,672,000

Today, Highland Capital Management LLC decides to keep it stake in Anheuser Busch Inbev SA (BUD) to the level of $3,672,000

Highland Capital Management LLC continued to hold its position in Anheuser Busch Inbev SA (NYSE:BUD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,942 shares of the company’s stock at the end of the third quarter. Highland Capital Management LLC’s holdings in Anheuser Busch Inbev SA were worth $3,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. boosted its position in Anheuser Busch Inbev SA by 0.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 782 shares of the company’s stock worth $103,000 after buying an additional 2 shares in the last quarter. National Asset Management Inc. boosted its stake in shares of Anheuser Busch Inbev SA by 0.3% in the second quarter. National Asset Management Inc. now owns 2,466 shares of the company’s stock valued at $325,000 after buying an additional 8 shares in the last quarter. 10 15 Associates Inc. boosted its stake in shares of Anheuser Busch Inbev SA by 1.0% in the second quarter. 10 15 Associates Inc. now owns 2,056 shares of the company’s stock valued at $271,000 after buying an additional 20 shares in the last quarter. Rathbone Brothers plc boosted its stake in shares of Anheuser Busch Inbev SA by 1.2% in the second quarter. Rathbone Brothers plc now owns 1,802 shares of the company’s stock valued at $237,000 after buying an additional 22 shares in the last quarter. Finally, Bremer Trust National Association boosted its stake in shares of Anheuser Busch Inbev SA by 0.8% in the third quarter. Bremer Trust National Association now owns 2,907 shares of the company’s stock valued at $382,000 after buying an additional 22 shares in the last quarter.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded up 0.94% during trading on Monday, hitting $104.82. The company had a trading volume of 2,275,508 shares. Anheuser Busch Inbev SA has a 12-month low of $101.00 and a 12-month high of $136.08. The stock has a market capitalization of $168.52 billion and a price-to-earnings ratio of 55.93. The stock has a 50-day moving average of $116.15 and a 200 day moving average of $123.80.

Anheuser Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by $0.36. The firm earned $11.69 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Anheuser Busch Inbev SA will post $3.56 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $1.379 per share. The ex-dividend date of this dividend is Monday, November 14th.

Several brokerages have weighed in on BUD. Vetr cut Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 price objective for the company. in a report on Wednesday, September 28th. Jefferies Group began coverage on Anheuser Busch Inbev SA in a report on Tuesday, September 13th. They set a “buy” rating and a $146.00 price objective for the company. Zacks Investment Research raised Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Royal Bank Of Canada reissued an “underperform” rating on shares of Anheuser Busch Inbev SA in a report on Monday, October 10th. Finally, Susquehanna reissued a “hold” rating and set a $135.00 price objective on shares of Anheuser Busch Inbev SA in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Anheuser Busch Inbev SA has a consensus rating of “Hold” and an average price target of $133.76.

Anheuser Busch Inbev SA Company Profile

Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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.

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