OLD National Bancorp IN buys 3,620 shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

OLD National Bancorp IN acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) during the second quarter, the company said in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,620 shares of the consumer goods maker’s stock valued at approximately $211,000.

A number of other major investors have also changed their holdings in the company. Lake Street Advisors Group LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock worth $624,000 after acquiring an additional 186 shares in the last quarter. CHICAGO TRUST Co NA increased its stake in shares of Anheuser-Busch InBev SA/NV by 1.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock worth $643,000 after acquiring an additional 196 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 20.6% in the second quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock worth $67,000 after buying an additional 197 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 3,523 shares of the consumer goods maker’s stock worth $214,000 after buying an additional 200 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Anheuser-Busch InBev SA/NV by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 19,139 shares of the consumer goods maker’s stock worth $1,237,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV share price fell by 0.4%

Shares of NYSE:BUD opened at $60.67 on Friday. The company’s 50-day moving average is $60.47 and its 200-day moving average is $61.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49. The company has a market cap of $109.04 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) released its latest earnings results on Thursday, August 1. The consumer goods maker reported earnings per share (EPS) of $0.90 for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 21.74%. During the same period last year, the company posted earnings per share of $0.72. Analysts forecast that Anheuser-Busch InBev SA/NV will report earnings per share of $3.35 for the current year.

Analysts set new price targets

Several research analysts have recently commented on BUD shares. UBS Group upgraded Anheuser-Busch InBev SA/NV from “neutral” to “buy” in a report on Monday, June 24. Morgan Stanley decreased their price target on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a report on Tuesday, July 2. Three equities research analysts have rated the stock with a “hold” rating and seven have given a “buy” rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.13.

Read our latest report on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV Company Profile

(Free report)

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets and sells beer and beverages. The company offers a portfolio of around 500 beer brands, including mainly Budweiser, Corona and Stella Artois, Beck’s, Hoegaarden, Leffe and Michelob Ultra, as well as the brands Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin and Skol.

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