Apollon Wealth Management LLC Takes $233,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Apollon Wealth Management LLC bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,786 shares of the consumer goods maker's stock, valued at approximately $233,000.

Other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 9.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 67,739 shares of the consumer goods maker's stock valued at $3,392,000 after purchasing an additional 5,664 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 7.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,853 shares of the consumer goods maker's stock valued at $794,000 after acquiring an additional 1,077 shares during the period. Whittier Trust Co. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $168,000. American Century Companies Inc. lifted its position in Anheuser-Busch InBev SA/NV by 18.9% in the fourth quarter. American Century Companies Inc. now owns 214,637 shares of the consumer goods maker's stock valued at $10,747,000 after purchasing an additional 34,059 shares during the period. Finally, Sei Investments Co. grew its holdings in Anheuser-Busch InBev SA/NV by 47.3% during the fourth quarter. Sei Investments Co. now owns 321,937 shares of the consumer goods maker's stock worth $16,116,000 after acquiring an additional 103,312 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock traded up $0.06 during trading hours on Friday, hitting $70.15. 1,452,844 shares of the company's stock were exchanged, compared to its average volume of 1,845,530. 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 debt-to-equity ratio of 0.80, a current ratio of 0.70 and a quick ratio of 0.54. The stock's 50-day moving average is $69.55 and its 200-day moving average is $62.25. The stock has a market cap of $126.08 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.84 and a beta of 0.82.

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, beating 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%. During the same period in the previous year, the firm earned $0.75 EPS. The company's revenue was down 6.3% compared to the same quarter last year. As a group, research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th were given 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 dividend yield of 1.2%. Anheuser-Busch InBev SA/NV's dividend payout ratio is currently 24.64%.

Analysts Set New Price Targets

BUD has been the subject of a number of analyst reports. Wall Street Zen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Argus upgraded 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 note on Friday, May 30th. Finally, Berenberg Bank began coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and an average 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.