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

QRG Capital Management Inc. boosted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 43.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sagespring Wealth Partners LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth $301,000. Citadel Investment Advisory Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 883.9% during the 1st quarter. Citadel Investment Advisory Inc. now owns 22,207 shares of the consumer goods maker's stock worth $1,367,000 after purchasing an additional 19,950 shares during the last quarter. Fairvoy Private Wealth LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $216,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 1.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,879 shares of the consumer goods maker's stock valued at $2,209,000 after acquiring an additional 360 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 23.5% in the 1st quarter. Laurel Wealth Advisors LLC now owns 1,050 shares of the consumer goods maker's stock valued at $65,000 after acquiring an additional 200 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their target price for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Berenberg Bank began coverage on Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Thursday, March 27th. Finally, 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. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD traded up $0.23 during mid-day trading on Friday, reaching $71.18. The company had a trading volume of 2,767,229 shares, compared to its average volume of 1,969,186. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 0.70. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13. The firm has a market cap of $127.93 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.10 and a beta of 0.85. The business's 50-day simple moving average is $68.08 and its 200 day simple moving average is $59.26.

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, topping 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%. During the same period in the previous year, the company earned $0.75 EPS. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts predict 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 business 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 a positive change from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 7th. Anheuser-Busch InBev SA/NV's payout ratio is currently 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.