Ritholtz Wealth Management Lowers Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ritholtz Wealth Management cut its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 65.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,581 shares of the consumer goods maker's stock after selling 6,917 shares during the quarter. Ritholtz Wealth Management's holdings in Anheuser-Busch InBev SA/NV were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 2,722.7% during the fourth 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 in the last quarter. NBC Securities Inc. bought a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter valued at $32,000. Whipplewood Advisors LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at $36,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $40,000. Finally, ST Germain D J Co. Inc. bought a new stake in Anheuser-Busch InBev SA/NV during the first quarter valued at about $41,000. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock traded down $1.27 during trading hours on Tuesday, hitting $70.21. The company's stock had a trading volume of 3,393,531 shares, compared to its average volume of 1,978,874. The stock has a market cap of $126.19 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.10 and a beta of 0.85. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13. The company has a 50 day moving average of $68.24 and a 200 day moving average of $59.44. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, beating 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%. During the same period last year, the business earned $0.75 EPS. The business's quarterly revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were given a $1.0492 dividend. This represents a yield of 1.2%. The ex-dividend date was Wednesday, May 7th. This is a positive change from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. Anheuser-Busch InBev SA/NV's dividend payout ratio is currently 24.64%.

Analysts Set New Price Targets

A number of equities analysts have commented on BUD shares. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Berenberg Bank initiated coverage on Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $71.50.

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.