Ethic Inc. Cuts Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ethic Inc. trimmed its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,572 shares of the consumer goods maker's stock after selling 21,134 shares during the quarter. Ethic Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $4,184,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $30,000. Rakuten Securities Inc. grew its holdings in 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 valued at $31,000 after purchasing an additional 599 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $36,000. Empowered Funds LLC bought a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $49,000. Finally, Brooklyn Investment Group bought a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $50,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Anheuser-Busch InBev SA/NV Stock Down 0.4%

NYSE:BUD traded down $0.24 during midday trading on Friday, reaching $67.28. 549,984 shares of the stock traded hands, compared to its average volume of 1,866,168. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.91. The business has a 50-day moving average of $63.64 and a two-hundred day moving average of $56.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock has a market capitalization of $120.92 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. During the same quarter in the previous year, the business earned $0.75 earnings per share. Anheuser-Busch InBev SA/NV's quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts forecast 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 declared an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th will be issued a $1.0492 dividend. The ex-dividend date is Wednesday, May 7th. This represents a dividend yield of 1.2%. 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 currently 22.32%.

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.