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

Envestnet Portfolio Solutions Inc. cut its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 75.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,900 shares of the consumer goods maker's stock after selling 11,953 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $240,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. NewEdge Wealth LLC increased its stake in 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 buying an additional 8,618 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 worth $144,000 after purchasing an additional 1,739 shares during the period. Jones Financial Companies Lllp increased its position in shares of Anheuser-Busch InBev SA/NV by 31.8% in the fourth quarter. Jones Financial Companies Lllp now owns 41,209 shares of the consumer goods maker's stock valued at $2,063,000 after buying an additional 9,935 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 27.3% during the 4th 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 during the last quarter. Finally, Assetmark Inc. lifted its holdings in Anheuser-Busch InBev SA/NV by 16.7% in the 4th 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BUD shares. Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating for the company. Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective on the stock in a report on Thursday, March 27th. Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a 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 research note on Friday, May 30th. Finally, The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

BUD remained flat at $69.25 during midday trading on Wednesday. 1,894,137 shares of the company traded hands, compared to its average volume of 1,984,662. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. The company's 50 day moving average price is $68.69 and its two-hundred day moving average price is $60.06. The stock has a market capitalization of $124.46 billion, a P/E ratio of 20.07, a PEG ratio of 1.81 and a beta of 0.82.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently declared 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 (DPR) is currently 24.64%.

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.