The Manufacturers Life Insurance Company grew its stake in shares of Anheuser-Busch Inbev SA (NYSE:BUD) by 12.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,170,017 shares of the consumer goods maker’s stock after buying an additional 352,595 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.16% of Anheuser-Busch Inbev SA worth $349,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BUD. Chicago Partners Investment Group LLC bought a new stake in shares of Anheuser-Busch Inbev SA during the second quarter worth $101,000. Evercore Wealth Management LLC bought a new stake in shares of Anheuser-Busch Inbev SA during the second quarter worth $104,000. BDO Wealth Advisors LLC bought a new stake in shares of Anheuser-Busch Inbev SA during the second quarter worth $110,000. Oakworth Capital Inc. grew its stake in shares of Anheuser-Busch Inbev SA by 4.0% during the second quarter. Oakworth Capital Inc. now owns 1,175 shares of the consumer goods maker’s stock worth $130,000 after buying an additional 45 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in shares of Anheuser-Busch Inbev SA by 0.3% during the second quarter. Johnson Financial Group Inc. now owns 1,179 shares of the consumer goods maker’s stock worth $130,000 after buying an additional 3 shares during the last quarter. 5.49% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have weighed in on BUD shares. Argus started coverage on shares of Anheuser-Busch Inbev SA in a research note on Friday, September 8th. They set a “buy” rating and a $136.00 target price on the stock. Zacks Investment Research raised shares of Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Monday, July 10th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $140.00 price objective (up previously from $134.00) on shares of Anheuser-Busch Inbev SA in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Anheuser-Busch Inbev SA has an average rating of “Hold” and a consensus price target of $126.81.

Anheuser-Busch Inbev SA (NYSE BUD) traded down 0.79% during trading on Friday, reaching $121.61. 749,483 shares of the company traded hands. The firm’s 50 day moving average price is $118.89 and its 200 day moving average price is $115.68. The firm has a market capitalization of $235.16 billion, a price-to-earnings ratio of 60.62 and a beta of 1.07. Anheuser-Busch Inbev SA has a 12-month low of $98.28 and a 12-month high of $129.09.

Anheuser-Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.19). The firm had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $14.15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. Anheuser-Busch Inbev SA’s revenue was up 31.2% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. Equities research analysts expect that Anheuser-Busch Inbev SA will post $4.14 earnings per share for the current year.

Anheuser-Busch Inbev SA 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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