The Manufacturers Life Insurance Company Has $427.41 Million Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

The Manufacturers Life Insurance Company reduced its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,350,168 shares of the consumer goods maker's stock after selling 1,687,383 shares during the period. The Manufacturers Life Insurance Company owned about 0.41% of Anheuser-Busch InBev SA/NV worth $427,412,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BUD. GPS Wealth Strategies Group LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. increased its stake in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker's stock valued at $33,000 after buying an additional 378 shares during the period. Addison Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock worth $34,000 after buying an additional 168 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at $35,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at $38,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BUD has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. UBS Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $73.25.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE BUD opened at $65.52 on Friday. The business's 50-day simple moving average is $61.92 and its 200-day simple moving average is $61.35. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49. The firm has a market cap of $117.75 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.77 and a beta of 1.09.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The company had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter last year, the company posted $0.72 earnings per share. As a group, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

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.

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