K.J. Harrison & Partners Inc continued to hold its stake in shares of Anheuser Busch Inbev SA (NYSE:BUD) during the second quarter, Holdings Channel reports. The fund owned 21,150 shares of the company’s stock at the end of the second quarter. Anheuser Busch Inbev SA accounts for about 1.5% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 14th largest position. K.J. Harrison & Partners Inc’s holdings in Anheuser Busch Inbev SA were worth $2,785,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BUD. Winslow Evans & Crocker Inc. raised its stake 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 last quarter. Stuart Chaussee & Associates Inc. increased its position 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 worth $122,000 after buying an additional 245 shares during the period. Ropes Wealth Advisors LLC increased its position in shares of Anheuser Busch Inbev SA by 58.1% in the first quarter. Ropes Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $127,000 after buying an additional 373 shares during the period. Lebenthal Asset Management LLC acquired a new position in shares of Anheuser Busch Inbev SA during the first quarter worth approximately $254,000. Finally, Webster Bank N. A. acquired a new position in shares of Anheuser Busch Inbev SA during the second quarter worth approximately $263,000.

Anheuser Busch Inbev SA (NYSE:BUD) traded up 1.13% during midday trading on Wednesday, reaching $127.30. 706,900 shares of the company’s stock traded hands. The company has a market capitalization of $204.67 billion and a PE ratio of 53.85. The firm’s 50 day moving average price is $125.13 and its 200-day moving average price is $125.02. Anheuser Busch Inbev SA has a 1-year low of $103.19 and a 1-year high of $132.91.

Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06. The business earned $10.81 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same period in the prior year, the business earned $1.21 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts expect that Anheuser Busch Inbev SA will post $3.70 EPS for the current year.

A number of brokerages recently commented on BUD. HSBC reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research note on Thursday, June 30th. Royal Bank Of Canada downgraded shares of Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and boosted their price objective for the stock from $102.00 to $106.00 in a research note on Wednesday, July 6th. Vetr raised shares of Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating and set a $120.10 price objective for the company in a research note on Wednesday, July 27th. Susquehanna reissued a “hold” rating and issued a $135.00 price objective on shares of Anheuser Busch Inbev SA in a research note on Wednesday, September 14th. Finally, Bank Degroof downgraded shares of Anheuser Busch Inbev SA to a “hold” rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $133.26.

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.

5 Day Chart for NYSE:BUD

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