The Manufacturers Life Insurance Company Has $474.27 Million Holdings in Anheuser-Busch InBev SA/NV $BUD

by · The Cerbat Gem

The Manufacturers Life Insurance Company lessened its position in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 4.5% in the 2nd quarter, Holdings Channel reports. The fund owned 6,901,509 shares of the consumer goods maker’s stock after selling 322,353 shares during the period. The Manufacturers Life Insurance Company’s holdings in Anheuser-Busch InBev SA/NV were worth $474,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sage Rhino Capital LLC raised its stake in Anheuser-Busch InBev SA/NV by 5.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,477 shares of the consumer goods maker’s stock valued at $239,000 after purchasing an additional 170 shares during the period. Huntington National Bank grew its holdings in shares of Anheuser-Busch InBev SA/NV by 16.3% during the second quarter. Huntington National Bank now owns 1,387 shares of the consumer goods maker’s stock valued at $95,000 after buying an additional 194 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 14.4% during the second quarter. UMB Bank n.a. now owns 1,719 shares of the consumer goods maker’s stock valued at $118,000 after buying an additional 217 shares in the last quarter. 1832 Asset Management L.P. raised its position in Anheuser-Busch InBev SA/NV by 3.5% during the first quarter. 1832 Asset Management L.P. now owns 7,131 shares of the consumer goods maker’s stock valued at $439,000 after buying an additional 241 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 51.6% in the 2nd quarter. Westside Investment Management Inc. now owns 758 shares of the consumer goods maker’s stock worth $52,000 after acquiring an additional 258 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DZ Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 7th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 31st. Morningstar raised shares of Anheuser-Busch InBev SA/NV to a “buy” rating in a research note on Thursday, September 18th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Check Out Our Latest Research Report on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD opened at $62.21 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The firm has a market cap of $121.46 billion, a PE ratio of 20.33, a PEG ratio of 1.78 and a beta of 0.58. The firm’s 50 day moving average price is $61.50 and its 200 day moving average price is $63.81. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $15.13 billion for the quarter, compared to analyst estimates of $15.28 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.40% and a return on equity of 16.20%. Anheuser-Busch InBev SA/NV’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. As a group, research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.1722 per share. This represents a yield of 57.0%. The ex-dividend date is Wednesday, November 19th. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 7.84%.

Anheuser-Busch InBev SA/NV Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report).