Trade Report: Today: Neuberger Berman Group LLC invests in Anheuser Busch Inbev SA (BUD) Shares

Today: Neuberger Berman Group LLC invests in Anheuser Busch Inbev SA (BUD) Shares

Neuberger Berman Group LLC boosted its position in Anheuser Busch Inbev SA (NYSE:BUD) by 76.1% during the third quarter, Holdings Channel reports. The firm owned 636,685 shares of the company’s stock after buying an additional 275,179 shares during the period. Neuberger Berman Group LLC’s holdings in Anheuser Busch Inbev SA were worth $83,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BUD. Winslow Evans & Crocker Inc. raised its position in shares of 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 during the period. Pinkerton Retirement Specialists LLC bought a new stake in shares of Anheuser Busch Inbev SA during the second quarter valued at $114,000. Stuart Chaussee & Associates Inc. increased its stake in shares of Anheuser Busch Inbev SA by 36.0% in the second quarter. Stuart Chaussee & Associates Inc. now owns 925 shares of the company’s stock valued at $122,000 after buying an additional 245 shares in the last quarter. Assetmark Inc. increased its stake in shares of Anheuser Busch Inbev SA by 18.6% in the second quarter. Assetmark Inc. now owns 945 shares of the company’s stock valued at $124,000 after buying an additional 148 shares in the last quarter. Finally, Roble Belko & Company Inc bought a new stake in shares of Anheuser Busch Inbev SA during the second quarter valued at $132,000.

Anheuser Busch Inbev SA (NYSE:BUD) traded up 0.73% on Monday, reaching $104.60. 1,265,907 shares of the company’s stock were exchanged. The company has a market cap of $168.17 billion and a P/E ratio of 55.82. The firm has a 50 day moving average of $116.15 and a 200-day moving average of $123.80. Anheuser Busch Inbev SA has a 12-month low of $101.00 and a 12-month high of $136.08.

Anheuser Busch Inbev SA (NYSE:BUD) last posted its earnings results on Friday, October 28th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.19 by $0.36. The company earned $11.69 billion during the quarter, compared to analysts’ expectations of $11.40 billion. Anheuser Busch Inbev SA’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. Equities analysts expect that Anheuser Busch Inbev SA will post $3.56 EPS for the current fiscal year.

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

Several brokerages have weighed in on BUD. Macquarie began coverage on Anheuser Busch Inbev SA in a research report on Friday. They set an “outperform” rating on the stock. Investec downgraded Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. HSBC downgraded Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating in a research report on Monday, November 14th. Zacks Investment Research downgraded Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, Societe Generale downgraded Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Anheuser Busch Inbev SA has a consensus rating of “Hold” and an average price target of $133.76.

About Anheuser Busch Inbev SA

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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