Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,619,330 shares of the consumer goods maker's stock after selling 154,010 shares during the quarter. Bank of America Corp DE owned about 0.09% of Anheuser-Busch InBev SA/NV worth $81,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BUD. R Squared Ltd acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $30,000. Rakuten Securities Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 2,722.7% during the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker's stock worth $31,000 after purchasing an additional 599 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $36,000. Empowered Funds LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $49,000. Finally, Hurley Capital LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $49,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Down 0.0%

Anheuser-Busch InBev SA/NV stock traded down $0.01 during midday trading on Friday, reaching $67.51. 1,196,027 shares of the stock traded hands, compared to its average volume of 1,871,916. The company has a 50-day simple moving average of $63.74 and a two-hundred day simple moving average of $56.76. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.60. The firm has a market cap of $121.33 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th will be paid a $1.0492 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 7th. This is a boost from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is presently 22.32%.

Wall Street Analyst Weigh In

BUD has been the subject of a number of research analyst reports. StockNews.com upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price target for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Argus upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price target for the company in a report on Thursday, March 27th. Finally, Berenberg Bank started coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a "buy" rating for the company. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Company 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.