Westside Investment Management Inc. Invests $9.05 Million in Anheuser Busch Inbev NV (NYSE:BUD)

Westside Investment Management Inc. purchased a new position in Anheuser Busch Inbev NV (NYSE:BUD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,650 shares of the consumer goods maker’s stock, valued at approximately $9,048,000.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Anheuser Busch Inbev by 33.9% in the 4th quarter. Geode Capital Management LLC now owns 15,341 shares of the consumer goods maker’s stock valued at $1,009,000 after purchasing an additional 3,886 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Anheuser Busch Inbev in the 4th quarter valued at $1,731,000. Deutsche Bank AG lifted its stake in shares of Anheuser Busch Inbev by 70.7% in the 4th quarter. Deutsche Bank AG now owns 383,120 shares of the consumer goods maker’s stock valued at $25,211,000 after purchasing an additional 158,617 shares during the period. First Hawaiian Bank lifted its stake in shares of Anheuser Busch Inbev by 16.6% in the 1st quarter. First Hawaiian Bank now owns 1,334 shares of the consumer goods maker’s stock valued at $112,000 after purchasing an additional 190 shares during the period. Finally, Fulton Bank N.A. acquired a new position in shares of Anheuser Busch Inbev in the 1st quarter valued at $213,000. Hedge funds and other institutional investors own 4.52% of the company’s stock.

A number of analysts recently commented on the stock. ValuEngine upgraded shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Bank of America upgraded shares of Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Argus upgraded shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $83.77.

Shares of BUD traded down $0.27 during trading hours on Friday, reaching $100.19. The stock had a trading volume of 925,765 shares, compared to its average volume of 2,418,119. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev NV has a 52 week low of $64.54 and a 52 week high of $102.70. The company’s 50-day moving average is $91.83. The company has a market cap of $170.10 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.27 and a beta of 1.16.

Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings data on Thursday, July 25th. The consumer goods maker reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.12. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 21.79%. The business had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $13.81 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts forecast that Anheuser Busch Inbev NV will post 4.84 earnings per share for the current year.

Anheuser Busch Inbev Company Profile

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

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Institutional Ownership by Quarter for Anheuser Busch Inbev (NYSE:BUD)

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