Bank of New York Mellon Corp Sells 5,656 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Bank of New York Mellon Corp reduced its holdings in Anheuser-Busch InBev SA/NV by 8.0% in the first quarter, leaving it with 65,259 shares valued at approximately $4,017,000.
• The company reported earnings per share of $0.81 for the latest quarter, exceeding the consensus estimate of $0.77.
• Anheuser-Busch InBev SA/NV has increased its annual dividend to $1.0492 per share, raising its dividend yield to 1.2%.

Bank of New York Mellon Corp lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,259 shares of the consumer goods maker's stock after selling 5,656 shares during the period. Bank of New York Mellon Corp's holdings in Anheuser-Busch InBev SA/NV were worth $4,017,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Dodge & Cox lifted its stake in Anheuser-Busch InBev SA/NV by 27.7% during the fourth quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker's stock worth $2,002,641,000 after purchasing an additional 8,670,940 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Anheuser-Busch InBev SA/NV by 7.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker's stock worth $379,004,000 after buying an additional 505,206 shares in the last quarter. Capital International Investors increased its holdings in shares of Anheuser-Busch InBev SA/NV by 5.5% during the fourth quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker's stock worth $129,201,000 after buying an additional 134,243 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 30.3% during the fourth quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock worth $74,797,000 after buying an additional 347,000 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $56,849,000. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD traded up $0.03 on Tuesday, reaching $66.38. 233,467 shares of the company's stock were exchanged, compared to its average volume of 2,331,341. The company has a fifty day moving average of $69.50 and a 200-day moving average of $62.58. 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 market capitalization of $119.29 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.76 and a beta of 0.82. 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 announced its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. On average, research 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 declared an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were given a dividend of $1.0492 per share. This is a positive change from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. The ex-dividend date was Wednesday, May 7th. This represents a dividend yield of 1.2%. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is currently 24.64%.

Analyst Ratings Changes

Several analysts have recently weighed in on BUD shares. 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. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their price target for the company from $70.10 to $88.00 in a report on Monday, May 12th. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Finally, Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. Two investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price 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.