QRG Capital Management Inc. Purchases 26,411 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

QRG Capital Management Inc. increased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 43.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 87,019 shares of the consumer goods maker's stock after buying an additional 26,411 shares during the quarter. QRG Capital Management Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $5,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $28,540,000. B&D White Capital Company LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $290,000. Clarkston Capital Partners LLC boosted its holdings in shares of 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 during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $37,311,000. Finally, Virtu Financial LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $2,378,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 1.1%

Shares of Anheuser-Busch InBev SA/NV stock opened at $70.45 on Wednesday. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13. The company has a market cap of $126.60 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.10 and a beta of 0.85. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. The company's 50-day moving average price is $67.50 and its 200-day moving average price is $58.90.

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 earnings per share (EPS) for the quarter, topping 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%. During the same period in the prior year, the business earned $0.75 EPS. The business's revenue was down 6.3% on a year-over-year basis. On average, equities analysts expect 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 company also recently declared an annual dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th were issued a $1.0492 dividend. This represents a dividend yield of 1.2%. This is an increase from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. The ex-dividend date of this dividend was Wednesday, May 7th. Anheuser-Busch InBev SA/NV's dividend payout ratio is presently 24.64%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BUD. BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. 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. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and upped their price objective for the company from $70.10 to $88.00 in a report on Monday, May 12th. Finally, Berenberg Bank assumed coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.

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