Pekin Hardy Strauss Inc. Purchases 30,461 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pekin Hardy Strauss Inc. raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 113.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,409 shares of the consumer goods maker's stock after buying an additional 30,461 shares during the quarter. 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC grew its holdings 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. Sequoia Financial Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 224.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker's stock worth $1,555,000 after purchasing an additional 17,476 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $37,311,000. Virtu Financial LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $2,378,000. Finally, Merit Financial Group LLC grew its holdings 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. 5.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BUD shares. Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. 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 research note on Monday, May 12th. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Thursday, March 27th. Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Trading Down 0.4%

NYSE BUD traded down $0.24 during trading hours on Wednesday, reaching $67.32. The company's stock had a trading volume of 2,127,051 shares, compared to its average volume of 2,382,256. The firm has a fifty day simple moving average of $69.01 and a 200-day simple moving average of $60.67. The stock has a market cap of $120.98 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.80 and a beta of 0.82. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week 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 quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. Equities analysts forecast 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 disclosed an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were issued a $1.0492 dividend. 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 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.