Pinnacle Financial Partners Inc Acquires New Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pinnacle Financial Partners Inc bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,032 shares of the consumer goods maker's stock, valued at approximately $2,341,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox increased its position 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 in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Anheuser-Busch InBev SA/NV by 7.2% during 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 purchasing an additional 505,206 shares during the last quarter. Capital International Investors boosted its stake in Anheuser-Busch InBev SA/NV by 5.5% during 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 purchasing an additional 134,243 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in 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 valued at $74,797,000 after purchasing an additional 347,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $56,849,000. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE BUD traded down $0.41 during midday trading on Friday, reaching $68.93. The company's stock had a trading volume of 1,144,845 shares, compared to its average volume of 1,986,831. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13. The firm has a 50 day moving average price of $68.89 and a 200-day moving average price of $60.50. The stock has a market capitalization of $123.88 billion, a P/E ratio of 19.98, a PEG ratio of 1.81 and a beta of 0.82. 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 posted its quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, beating the consensus estimate 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%. During the same period in the prior year, the business earned $0.75 EPS. The company's revenue for the quarter 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 year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were paid a $1.0492 dividend. This is an increase from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. The ex-dividend date was Wednesday, May 7th. This represents a yield of 1.2%. Anheuser-Busch InBev SA/NV's dividend payout ratio is presently 24.64%.

Analyst Upgrades and Downgrades

BUD has been the subject of a number of analyst reports. Argus upgraded 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 note on Thursday, March 27th. Wall Street Zen downgraded Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their price target for the company from $70.10 to $88.00 in a research note on Monday, May 12th. 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. Finally, Berenberg Bank started coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Company 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.