Cornerstone Wealth Management LLC Acquires Shares of 3,577 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cornerstone Wealth Management LLC bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,577 shares of the consumer goods maker's stock, valued at approximately $220,000.

Other institutional investors have also recently bought and sold shares of the company. B&D White Capital Company LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $290,000. Clarkston Capital Partners LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 30.3% during the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock worth $74,797,000 after purchasing an additional 347,000 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $37,311,000. Virtu Financial LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $2,378,000. Finally, Merit Financial Group LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 31.7% during the 1st quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker's stock worth $901,000 after purchasing an additional 3,526 shares in the last quarter. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock traded up $0.23 during trading on Friday, reaching $71.18. 2,767,229 shares of the company's stock were exchanged, compared to its average volume of 1,969,186. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $127.93 billion, a PE ratio of 20.63, a PEG ratio of 2.10 and a beta of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The firm's fifty day moving average price is $68.08 and its 200-day moving average price is $59.26.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates 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%. During the same period last year, the business posted $0.75 EPS. The company's revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate 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 disclosed 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 a positive change from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. The ex-dividend date of this dividend was Wednesday, May 7th. Anheuser-Busch InBev SA/NV's dividend payout ratio is currently 24.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BUD. 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 note on Thursday, March 27th. Wall Street Zen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Berenberg Bank began coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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.