Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 634,654 shares of the consumer goods maker's stock after selling 4,199 shares during the period. Envestnet Asset Management Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $39,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in BUD. Dodge & Cox raised its holdings in shares of Anheuser-Busch InBev SA/NV by 27.7% in the 4th quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker's stock valued at $2,002,641,000 after buying an additional 8,670,940 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $56,849,000. Raymond James Financial Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $37,311,000. The Manufacturers Life Insurance Company boosted its position in shares of Anheuser-Busch InBev SA/NV by 7.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker's stock valued at $379,004,000 after purchasing an additional 505,206 shares during the period. Finally, Clarkston Capital Partners LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 30.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock valued at $74,797,000 after purchasing an additional 347,000 shares during the period. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $67.47 on Monday. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 0.70. The stock has a market capitalization of $121.26 billion, a PE ratio of 19.56, a P/E/G ratio of 1.77 and a beta of 0.82. The stock has a 50-day simple moving average of $69.12 and a 200 day simple moving average of $61.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings results 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 16.09% and a net margin of 11.74%. During the same quarter last year, the business earned $0.75 EPS. The firm's quarterly revenue was down 6.3% on a year-over-year basis. Research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were issued a dividend of $1.0492 per share. This is an increase from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. The ex-dividend date was Wednesday, May 7th. This represents a yield of 1.2%. Anheuser-Busch InBev SA/NV's dividend payout ratio is currently 24.35%.

Wall Street Analysts Forecast Growth

Several research firms have commented on BUD. Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Thursday, March 27th. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Wall Street Zen downgraded Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Finally, Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of "Buy" and a consensus price target of $71.50.

About Anheuser-Busch InBev SA/NV

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.