D.A. Davidson & CO. lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 72.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,862 shares of the consumer goods maker's stock after selling 38,515 shares during the period. D.A. Davidson & CO.'s holdings in Anheuser-Busch InBev SA/NV were worth $915,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc bought a new position in Anheuser-Busch InBev SA/NV during the 1st quarter valued at approximately $2,341,000. FSM Wealth Advisors LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter valued at $211,000. Rossby Financial LCC purchased a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter valued at $49,000. Vontobel Holding Ltd. boosted its stake in Anheuser-Busch InBev SA/NV by 2.3% during the 1st quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock valued at $473,000 after purchasing an additional 174 shares during the last quarter. Finally, West Bancorporation Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter valued at $233,000. Institutional investors own 5.53% of the company's stock.
Anheuser-Busch InBev SA/NV Price Performance
Shares of NYSE:BUD traded up $0.10 during trading on Thursday, reaching $67.61. 2,381,370 shares of the company's stock traded hands, compared to its average volume of 2,010,533. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week 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. The firm has a market cap of $121.50 billion, a PE ratio of 19.60, a P/E/G ratio of 1.77 and a beta of 0.82. The company has a 50-day simple moving average of $69.04 and a 200-day simple moving average of $60.72.
Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, topping 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%. During the same period in the previous year, the business posted $0.75 EPS. The company's revenue was down 6.3% on a year-over-year basis. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.
Anheuser-Busch InBev SA/NV Increases Dividend
The firm also recently disclosed an annual dividend, which was paid on Friday, June 6th. Investors 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 is presently 24.64%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on BUD. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Wall Street Zen downgraded 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. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their target price for the company from $70.10 to $88.00 in a research note on Monday, May 12th. Finally, Argus upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 target price on the stock in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $71.50.
View Our Latest Stock Report on BUD
Anheuser-Busch InBev SA/NV Company Profile
(
Free Report)
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.
Further Reading
Before you consider Anheuser-Busch InBev SA/NV, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Anheuser-Busch InBev SA/NV wasn't on the list.
While Anheuser-Busch InBev SA/NV currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
