Sagespring Wealth Partners LLC Makes New $301,000 Investment in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sagespring Wealth Partners LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,890 shares of the consumer goods maker's stock, valued at approximately $301,000.

Several other institutional investors have also modified their holdings of the stock. Empowered Funds LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $49,000. Vontobel Holding Ltd. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $376,000. Principal Securities Inc. raised its stake in Anheuser-Busch InBev SA/NV by 21.6% in the 4th quarter. Principal Securities Inc. now owns 3,519 shares of the consumer goods maker's stock valued at $176,000 after purchasing an additional 626 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 53.5% in the 4th quarter. Venturi Wealth Management LLC now owns 14,242 shares of the consumer goods maker's stock valued at $713,000 after purchasing an additional 4,966 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Anheuser-Busch InBev SA/NV by 18.9% during the 4th quarter. Private Advisor Group LLC now owns 15,497 shares of the consumer goods maker's stock worth $776,000 after purchasing an additional 2,458 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Analysts Set New Price Targets

BUD has been the topic of several research reports. Berenberg Bank assumed coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. 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 report on Thursday, March 27th. Wall Street Zen downgraded Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Finally, BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. 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 company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Trading Up 0.3%

NYSE BUD traded up $0.20 during trading hours on Monday, reaching $71.39. The company had a trading volume of 2,976,492 shares, compared to its average volume of 1,973,515. 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 stock has a market capitalization of $128.30 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.85. The stock has a 50-day moving average of $68.08 and a 200 day moving average of $59.31. 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 issued its quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. As a group, research analysts anticipate 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 announced an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were given a $1.0492 dividend. This is an increase from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.87. This represents a 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.