May Hill Capital LLC Invests $454,000 in Anheuser-Busch InBev SA/NV (NYSE:BUD)

May Hill Capital LLC purchased a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,374 shares of the consumer goods maker's stock, valued at approximately $454,000.

Other hedge funds have also recently modified their holdings of the company. Dodge & Cox boosted its stake in Anheuser-Busch InBev SA/NV by 27.7% in the fourth quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker's stock valued at $2,002,641,000 after acquiring an additional 8,670,940 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Anheuser-Busch InBev SA/NV by 7.2% in the fourth 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 acquiring an additional 505,206 shares in the last quarter. Capital International Investors raised its holdings in shares of Anheuser-Busch InBev SA/NV by 5.5% in the fourth quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker's stock worth $129,201,000 after buying an additional 134,243 shares during the last quarter. Clarkston Capital Partners LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 30.3% in the fourth quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock worth $74,797,000 after buying an additional 347,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth $56,849,000. Hedge funds and other institutional investors own 5.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BUD shares. Argus raised 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 report on Thursday, March 27th. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Finally, Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Two research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock traded up $0.10 during midday trading on Thursday, hitting $67.61. 2,301,637 shares of the stock traded hands, compared to its average volume of 2,007,164. The firm 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 stock's fifty day simple moving average is $69.04 and its 200-day simple moving average is $60.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.70 and a quick ratio of 0.54. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13.

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, 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 for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. On average, analysts expect 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. Shareholders of record on Wednesday, May 7th were given 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 yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 7th. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is presently 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.