Rossby Financial LCC Has $33,000 Stock Position in Anheuser-Busch InBev SA/NV $BUD

Rossby Financial LCC lowered its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 35.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 482 shares of the consumer goods maker’s stock after selling 266 shares during the quarter. Rossby Financial LCC’s holdings in Anheuser-Busch InBev SA/NV were worth $33,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. ABC Arbitrage SA bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $1,731,000. Vident Advisory LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $310,000. Pinnacle Financial Partners Inc bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $2,341,000. Penserra Capital Management LLC raised its stake in Anheuser-Busch InBev SA/NV by 24.7% in the 1st quarter. Penserra Capital Management LLC now owns 2,553 shares of the consumer goods maker’s stock valued at $157,000 after acquiring an additional 506 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Anheuser-Busch InBev SA/NV by 7.7% in the 2nd quarter. QRG Capital Management Inc. now owns 93,714 shares of the consumer goods maker’s stock valued at $6,440,000 after acquiring an additional 6,695 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

BUD has been the topic of a number of research analyst reports. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE BUD opened at $61.43 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The stock’s fifty day moving average price is $60.40 and its two-hundred day moving average price is $64.69. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13. The firm has a market cap of $119.94 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.76 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. On average, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.