Pekin Hardy Strauss Inc. Boosts Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pekin Hardy Strauss Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 113.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,409 shares of the consumer goods maker's stock after purchasing an additional 30,461 shares during the period. Pekin Hardy Strauss Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $3,534,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BUD. Dodge & Cox lifted its position 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 buying an additional 8,670,940 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $56,849,000. Raymond James Financial Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at approximately $37,311,000. The Manufacturers Life Insurance Company lifted its position 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 worth $379,004,000 after buying an additional 505,206 shares in the last quarter. Finally, Clarkston Capital Partners LLC lifted its position 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 worth $74,797,000 after buying an additional 347,000 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock traded up $0.10 during trading on Thursday, reaching $67.61. 2,381,370 shares of the company were exchanged, compared to its average volume of 2,007,319. The company has a 50-day moving average of $69.04 and a two-hundred day moving average of $60.72. The company has a market capitalization of $121.50 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.77 and a beta of 0.82. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. 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 (NYSE:BUD - Get Free Report) last issued its earnings results 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 net margin of 11.74% and a return on equity of 16.09%. During the same quarter last year, the firm earned $0.75 EPS. The business's revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently announced 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 represents a yield of 1.2%. The ex-dividend date was Wednesday, May 7th. This is a positive change from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is currently 24.64%.

Analyst Upgrades and Downgrades

BUD has been the topic of a number of research analyst reports. 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. 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 raised shares of 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 research note on Monday, May 12th. Berenberg Bank began coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Finally, 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 report 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $71.50.

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.