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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dodge & Cox raised its holdings in shares of 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 acquiring an additional 8,670,940 shares during the last quarter. The Manufacturers Life Insurance Company increased 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 valued at $379,004,000 after buying an additional 505,206 shares during the last quarter. Capital International Investors increased its stake in Anheuser-Busch InBev SA/NV by 5.5% in the 4th quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker's stock valued at $129,201,000 after buying an additional 134,243 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in 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 buying an additional 347,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $56,849,000. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

BUD traded up $0.28 on Monday, hitting $67.78. The company's stock had a trading volume of 1,541,047 shares, compared to its average volume of 2,380,656. The company's 50 day simple moving average is $69.12 and its 200-day simple moving average is $61.10. The firm has a market cap of $121.81 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.77 and a beta of 0.82. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13. 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 (NYSE:BUD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 EPS 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%. The business's revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. 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 company also recently declared an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were issued a $1.0492 dividend. This represents a yield of 1.2%. 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. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is presently 24.35%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their price target for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price target for the company in a research note on Thursday, March 27th. 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. Finally, Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They set a "buy" rating for the company. Two equities research 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $71.50.

Anheuser-Busch InBev SA/NV Company 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.