Concurrent Investment Advisors LLC Makes New $395,000 Investment in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Concurrent Investment Advisors LLC purchased a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,422 shares of the consumer goods maker's stock, valued at approximately $395,000.

A number of other hedge funds have also recently added to or reduced their stakes in BUD. Dodge & Cox boosted its stake in Anheuser-Busch InBev SA/NV by 27.7% in the 4th quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker's stock worth $2,002,641,000 after buying an additional 8,670,940 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $56,849,000. Raymond James Financial Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $37,311,000. The Manufacturers Life Insurance Company boosted its stake in Anheuser-Busch InBev SA/NV by 7.2% in the 4th 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 during the last quarter. Finally, Clarkston Capital Partners LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 30.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock valued at $74,797,000 after purchasing an additional 347,000 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BUD. The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $70.10 to $88.00 in a research note on Monday, May 12th. Argus raised 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 note on Thursday, March 27th. Berenberg Bank began coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. 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 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 company's stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD opened at $67.61 on Friday. The company has a market cap of $121.50 billion, a P/E ratio of 19.60, a PEG ratio of 1.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 0.70. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13. The business's 50-day simple moving average is $69.09 and its 200 day simple moving average is $60.84.

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 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.09% and a net margin of 11.74%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. On average, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were issued a dividend of $1.0492 per share. This is an increase from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. This represents a dividend yield of 1.2%. The ex-dividend date was Wednesday, May 7th. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is presently 24.35%.

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.

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