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

Apollon Wealth Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,786 shares of the consumer goods maker's stock, valued at approximately $233,000.

Several other hedge funds have also made changes to their positions in BUD. NBC Securities Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $32,000. Garde Capital Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $37,000. Measured Risk Portfolios Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $40,000. ST Germain D J Co. Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $41,000. Finally, Hurley Capital LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD traded down $0.18 during midday trading on Friday, reaching $69.92. The stock had a trading volume of 208,395 shares, compared to its average volume of 2,322,828. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13. The firm's fifty day simple moving average is $69.49 and its 200-day simple moving average is $62.11. 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 has a market capitalization of $125.65 billion, a P/E ratio of 20.28, a PEG ratio of 1.85 and a beta of 0.82.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results 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 last year, the firm posted $0.75 EPS. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research 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 declared 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%. 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. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is currently 24.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BUD shares. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They issued a "buy" rating for the company. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Thursday, March 27th. 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, Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.