Envestnet Portfolio Solutions Inc. Sells 11,953 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Envestnet Portfolio Solutions Inc. reduced its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 75.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,900 shares of the consumer goods maker's stock after selling 11,953 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $240,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NewEdge Wealth LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 67.0% in the 4th quarter. NewEdge Wealth LLC now owns 21,482 shares of the consumer goods maker's stock worth $1,076,000 after acquiring an additional 8,618 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 149.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,901 shares of the consumer goods maker's stock valued at $144,000 after acquiring an additional 1,739 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Anheuser-Busch InBev SA/NV by 31.8% in the 4th quarter. Jones Financial Companies Lllp now owns 41,209 shares of the consumer goods maker's stock valued at $2,063,000 after purchasing an additional 9,935 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 27.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,916 shares of the consumer goods maker's stock worth $496,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Assetmark Inc. grew its position in Anheuser-Busch InBev SA/NV by 16.7% during the fourth quarter. Assetmark Inc. now owns 50,419 shares of the consumer goods maker's stock valued at $2,524,000 after purchasing an additional 7,201 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BUD has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their price target for the company from $70.10 to $88.00 in a report on Monday, May 12th. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Finally, Argus raised 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 report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock traded down $0.41 during midday trading on Friday, hitting $68.93. The company had a trading volume of 1,144,845 shares, compared to its average volume of 1,983,091. The business's 50 day simple moving average is $68.81 and its two-hundred day simple moving average is $60.23. The stock has a market cap of $123.88 billion, a PE ratio of 19.98, a P/E/G ratio of 1.81 and a beta of 0.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.70 and a quick ratio of 0.54. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13.

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, topping the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 11.74% and a return on equity of 16.09%. The business's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. As a group, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were given a $1.0492 dividend. This is a boost from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. This represents a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 7th. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is 24.64%.

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.