Pekin Hardy Strauss Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 113.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,409 shares of the consumer goods maker's stock after purchasing 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 also recently bought and sold shares of BUD. Vontobel Holding Ltd. increased its stake in Anheuser-Busch InBev SA/NV by 2.3% during the first quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock worth $473,000 after acquiring an additional 174 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Anheuser-Busch InBev SA/NV by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker's stock worth $1,046,000 after acquiring an additional 179 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 23.5% during the first quarter. Laurel Wealth Advisors LLC now owns 1,050 shares of the consumer goods maker's stock worth $65,000 after acquiring an additional 200 shares during the last quarter. Moors & Cabot Inc. increased its stake in Anheuser-Busch InBev SA/NV by 4.6% during the fourth quarter. Moors & Cabot Inc. now owns 5,329 shares of the consumer goods maker's stock worth $267,000 after acquiring an additional 234 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Anheuser-Busch InBev SA/NV by 27.0% during the first quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker's stock worth $71,000 after acquiring an additional 246 shares during the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They set a "buy" rating for the company. 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. Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and upped their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $71.50.
View Our Latest Report on BUD
Anheuser-Busch InBev SA/NV Stock Down 0.1%
Shares of NYSE BUD traded down $0.10 on Wednesday, hitting $67.46. The company had a trading volume of 3,384,920 shares, compared to its average volume of 2,005,823. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13. The business has a 50 day moving average of $69.04 and a two-hundred day moving average of $60.72. 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 capitalization of $121.24 billion, a P/E ratio of 19.55, a PEG ratio of 1.77 and a beta of 0.82.
Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates 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%. Anheuser-Busch InBev SA/NV's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, equities research 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 declared an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were issued a $1.0492 dividend. The ex-dividend date was Wednesday, May 7th. This represents a 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 is currently 24.64%.
Anheuser-Busch InBev SA/NV Company Profile
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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.
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