Associated Banc Corp cut its stake in Anheuser-Busch Inbev SA (NYSE:BUD) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,283 shares of the consumer goods maker’s stock after selling 2,785 shares during the period. Associated Banc Corp’s holdings in Anheuser-Busch Inbev SA were worth $10,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWA Asset Management Group LLC raised its holdings in Anheuser-Busch Inbev SA by 3.5% in the 2nd quarter. CWA Asset Management Group LLC now owns 22,811 shares of the consumer goods maker’s stock valued at $2,517,000 after acquiring an additional 764 shares in the last quarter. Seven Eight Capital LP acquired a new position in Anheuser-Busch Inbev SA in the 2nd quarter valued at $1,181,000. SVA Plumb Wealth Management LLC raised its holdings in Anheuser-Busch Inbev SA by 26.4% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 16,221 shares of the consumer goods maker’s stock valued at $1,790,000 after acquiring an additional 3,385 shares in the last quarter. Cowen Inc. raised its holdings in Anheuser-Busch Inbev SA by 76.5% in the 2nd quarter. Cowen Inc. now owns 13,035 shares of the consumer goods maker’s stock valued at $1,439,000 after acquiring an additional 5,650 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Anheuser-Busch Inbev SA by 6.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 92,615 shares of the consumer goods maker’s stock valued at $10,221,000 after acquiring an additional 5,214 shares in the last quarter. 5.50% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on BUD shares. Susquehanna Bancshares Inc set a $111.00 price objective on Anheuser-Busch Inbev SA and gave the company a “hold” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $139.00 price target on Anheuser-Busch Inbev SA and gave the stock a “buy” rating in a report on Saturday, July 29th. BidaskClub cut Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Argus initiated coverage on Anheuser-Busch Inbev SA in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price target for the company. Finally, Zacks Investment Research raised Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $126.81.

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Shares of Anheuser-Busch Inbev SA (BUD) traded up 0.09% during midday trading on Wednesday, reaching $121.81. The company had a trading volume of 310,723 shares. The company has a market capitalization of $235.54 billion, a PE ratio of 60.72 and a beta of 1.07. The company has a 50 day moving average of $118.03 and a 200 day moving average of $114.26. 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 data 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). Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The business had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $14.15 billion. During the same quarter last year, the business posted $1.06 EPS. The company’s quarterly revenue was up 31.2% on a year-over-year basis. Analysts predict that Anheuser-Busch Inbev SA will post $4.14 EPS for the current fiscal year.

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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