Narwhal Capital Management continued to hold its position in shares of Anheuser Busch Inbev SA (NYSE:BUD) during the second quarter, Holdings Channel reports. The firm owned 10,920 shares of the company’s stock at the end of the second quarter. Narwhal Capital Management’s holdings in Anheuser Busch Inbev SA were worth $1,438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Anheuser Busch Inbev SA by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 257,529 shares of the company’s stock valued at $32,104,000 after buying an additional 24,522 shares during the period. Lazard Asset Management LLC boosted its position in shares of Anheuser Busch Inbev SA by 1.4% in the first quarter. Lazard Asset Management LLC now owns 1,046,191 shares of the company’s stock valued at $130,417,000 after buying an additional 14,042 shares during the period. Mariner Wealth Advisors LLC purchased a new position in shares of Anheuser Busch Inbev SA during the first quarter valued at about $416,000. Renaissance Technologies LLC boosted its position in shares of Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock valued at $49,530,000 after buying an additional 314,209 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Anheuser Busch Inbev SA by 39.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 185,168 shares of the company’s stock valued at $23,083,000 after buying an additional 52,355 shares during the period.

Anheuser Busch Inbev SA (NYSE:BUD) traded up 1.13% during trading on Wednesday, hitting $127.30. 706,900 shares of the company’s stock were exchanged. The firm has a market cap of $204.67 billion and a price-to-earnings ratio of 53.85. Anheuser Busch Inbev SA has a 12-month low of $103.19 and a 12-month high of $132.91. The company’s 50-day moving average price is $125.13 and its 200 day moving average price is $125.02.

Anheuser Busch Inbev SA (NYSE:BUD) last released its earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.06. The company earned $10.81 billion during the quarter, compared to analyst estimates of $10.93 billion. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. Equities analysts forecast that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.

BUD has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Anheuser Busch Inbev SA from a “hold” rating to a “strong-buy” rating and set a $141.00 target price for the company in a report on Wednesday, September 14th. Kepler Capital Markets raised shares of Anheuser Busch Inbev SA from a “hold” rating to a “buy” rating in a report on Monday, August 22nd. Royal Bank Of Canada cut shares of Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and lifted their target price for the stock from $102.00 to $106.00 in a report on Wednesday, July 6th. Credit Agricole SA reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Anheuser Busch Inbev SA in a report on Sunday, August 21st. Finally, HSBC reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $133.26.

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.

5 Day Chart for NYSE:BUD

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