Sagespring Wealth Partners LLC Purchases New Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sagespring Wealth Partners LLC bought a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,890 shares of the consumer goods maker's stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Citadel Investment Advisory Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 883.9% in the first quarter. Citadel Investment Advisory Inc. now owns 22,207 shares of the consumer goods maker's stock worth $1,367,000 after acquiring an additional 19,950 shares during the period. Fairvoy Private Wealth LLC bought a new position in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $216,000. Wealth Enhancement Advisory Services LLC lifted its position 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 worth $2,209,000 after purchasing an additional 360 shares during the period. Laurel Wealth Advisors LLC lifted its position 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 worth $65,000 after purchasing an additional 200 shares during the period. Finally, Integrated Advisors Network LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 6.1% during the first quarter. Integrated Advisors Network LLC now owns 5,663 shares of the consumer goods maker's stock worth $349,000 after buying an additional 327 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Up 0.3%

Shares of NYSE BUD traded up $0.23 during mid-day trading on Friday, reaching $71.18. 2,767,229 shares of the company's stock traded hands, compared to its average volume of 1,964,795. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.70 and a quick ratio of 0.54. The business has a 50-day simple moving average of $67.90 and a 200 day simple moving average of $59.10. The stock has a market cap of $127.93 billion, a P/E ratio of 20.63, a PEG ratio of 2.09 and a beta of 0.85. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were issued a dividend of $1.0492 per share. 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 24.35%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BUD shares. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. 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. Argus raised shares of 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. Finally, Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus 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.