Perpetual Ltd Acquires 37,134 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Perpetual Ltd increased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 21.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,232 shares of the consumer goods maker's stock after buying an additional 37,134 shares during the quarter. Perpetual Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $12,942,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dodge & Cox increased its stake in 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 valued at $2,002,641,000 after buying an additional 8,670,940 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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 valued at $379,004,000 after acquiring an additional 505,206 shares in the last quarter. Capital International Investors grew its holdings in shares of Anheuser-Busch InBev SA/NV by 5.5% in the 4th quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker's stock valued at $129,201,000 after acquiring an additional 134,243 shares in the last quarter. Clarkston Capital Partners LLC increased its position 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 valued at $74,797,000 after acquiring an additional 347,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $56,849,000. 5.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BUD has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their price target for the company from $70.10 to $88.00 in a research note on Monday, May 12th. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Argus raised 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 report on Thursday, March 27th. 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Two 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 stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD traded up $0.54 on Tuesday, hitting $69.26. The company had a trading volume of 2,152,596 shares, compared to its average volume of 1,983,882. The stock has a market cap of $124.47 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.80 and a beta of 0.83. The stock has a 50 day moving average price of $68.69 and a 200 day moving average price of $60.06. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year 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.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced 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 net margin of 11.74% and a return on equity of 16.09%. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently announced 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 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.