Oppenheimer Asset Management Inc. Purchases 11,611 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 25.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,492 shares of the consumer goods maker's stock after purchasing an additional 11,611 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $3,478,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the first quarter worth approximately $32,000. Garde Capital Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the first quarter worth approximately $37,000. Rakuten Securities Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 2,722.7% during the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker's stock worth $31,000 after acquiring an additional 599 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $41,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $36,000. 5.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BUD shares. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating 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 report on Friday, May 30th. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their price target for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Finally, Argus upgraded shares of 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 report on Thursday, March 27th. 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. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock traded down $0.65 during mid-day trading on Friday, reaching $68.48. The company had a trading volume of 2,123,341 shares, compared to its average volume of 1,980,837. 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 current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. The company has a market cap of $123.08 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.02 and a beta of 0.85. The business has a fifty day simple moving average of $68.58 and a 200 day simple moving average of $59.89.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, beating 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%. Anheuser-Busch InBev SA/NV's revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities research 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 declared an annual dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th were paid a dividend of $1.0492 per share. The ex-dividend date was Wednesday, May 7th. This represents a dividend yield of 1.2%. This is an increase from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is presently 24.64%.

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.