Kornitzer Capital Management Inc. KS Has $8.05 Million Stock Position in Anheuser Busch Inbev NV (NYSE:BUD)

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Kornitzer Capital Management Inc. KS grew its holdings in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,946 shares of the consumer goods maker’s stock after buying an additional 525 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Anheuser Busch Inbev were worth $8,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BUD. Aperio Group LLC raised its position in Anheuser Busch Inbev by 19.9% in the second quarter. Aperio Group LLC now owns 281,080 shares of the consumer goods maker’s stock worth $24,878,000 after acquiring an additional 46,612 shares during the period. Narwhal Capital Management raised its position in Anheuser Busch Inbev by 89.8% in the second quarter. Narwhal Capital Management now owns 33,490 shares of the consumer goods maker’s stock worth $2,964,000 after acquiring an additional 15,845 shares during the period. Court Place Advisors LLC bought a new stake in Anheuser Busch Inbev in the second quarter worth about $204,000. North American Management Corp raised its position in Anheuser Busch Inbev by 2.8% in the second quarter. North American Management Corp now owns 61,539 shares of the consumer goods maker’s stock worth $5,447,000 after acquiring an additional 1,655 shares during the period. Finally, Investec Asset Management North America Inc. raised its position in shares of Anheuser Busch Inbev by 13.6% in the second quarter. Investec Asset Management North America Inc. now owns 8,575 shares of the consumer goods maker’s stock valued at $759,000 after purchasing an additional 1,026 shares during the period. Hedge funds and other institutional investors own 4.47% of the company’s stock.

NYSE BUD opened at $93.22 on Thursday. The company has a 50 day simple moving average of $94.29. Anheuser Busch Inbev NV has a 12-month low of $64.54 and a 12-month high of $102.70. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $163.01 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 2.08 and a beta of 1.16.

Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $13.96 billion for the quarter, compared to analyst estimates of $13.81 billion. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 21.79%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, equities research analysts expect that Anheuser Busch Inbev NV will post 5.06 earnings per share for the current fiscal year.

Several analysts have recently issued reports on BUD shares. Jefferies Financial Group raised shares of Anheuser Busch Inbev to a “hold” rating and set a $95.00 price target on the stock in a research report on Monday. UBS Group lowered shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. ValuEngine raised shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Argus raised shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Finally, Bank of America raised 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. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.27.

About Anheuser Busch Inbev

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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