Concurrent Investment Advisors LLC Acquires Shares of 6,422 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Concurrent Investment Advisors LLC bought a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,422 shares of the consumer goods maker's stock, valued at approximately $395,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 2,722.7% in the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker's stock worth $31,000 after acquiring an additional 599 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth $32,000. Garde Capital Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $37,000. Measured Risk Portfolios Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $40,000. Finally, ST Germain D J Co. Inc. bought a new position in Anheuser-Busch InBev SA/NV in the first quarter valued at about $41,000. Institutional investors own 5.53% of the company's stock.

Analyst Upgrades and Downgrades

BUD has been the subject of several research reports. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price target 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 on the stock in a research report on Thursday, March 27th. Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Finally, BNP Paribas raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Two equities research 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 stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and a consensus price target of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD traded down $0.16 during trading on Friday, hitting $67.47. 1,844,592 shares of the stock traded hands, compared to its average volume of 2,013,727. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13. The firm has a 50-day simple moving average of $69.12 and a 200-day simple moving average of $60.95. The company has a market capitalization of $121.26 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.78 and a beta of 0.82.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share for the quarter, topping 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%. Anheuser-Busch InBev SA/NV's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th were issued a $1.0492 dividend. This represents a dividend 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 (DPR) is 24.64%.

About Anheuser-Busch InBev SA/NV

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.