Anheuser-Busch InBev SA/NV (NYSE:BUD) Position Raised by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Anheuser-Busch InBev SA/NV by 111.9% during the first quarter, now owning 75,102 shares valued at approximately $4.6 million.
• Anheuser-Busch InBev recently announced an increased annual dividend of $1.0492 per share, yielding 1.2%, up from the previous year's dividend of $0.87.
• The company's quarterly earnings surpassed analysts' expectations, reporting $0.81 EPS, significantly higher than the estimated $0.77 EPS.

XTX Topco Ltd increased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 111.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,102 shares of the consumer goods maker's stock after purchasing an additional 39,655 shares during the period. XTX Topco Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $4,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clarkston Capital Partners LLC boosted its stake in Anheuser-Busch InBev SA/NV by 30.3% in the fourth quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock valued at $74,797,000 after acquiring an additional 347,000 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Anheuser-Busch InBev SA/NV by 224.7% in the first quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker's stock valued at $1,555,000 after acquiring an additional 17,476 shares during the period. Merit Financial Group LLC boosted its stake in Anheuser-Busch InBev SA/NV by 31.7% in the first quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker's stock valued at $901,000 after acquiring an additional 3,526 shares during the period. LPL Financial LLC boosted its stake in Anheuser-Busch InBev SA/NV by 32.7% in the fourth quarter. LPL Financial LLC now owns 160,261 shares of the consumer goods maker's stock valued at $8,024,000 after acquiring an additional 39,483 shares during the period. Finally, Pinnacle Financial Partners Inc acquired a new position in Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $2,341,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BUD has been the subject of a number of research reports. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their target price 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, 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. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE BUD traded down $0.49 during midday trading on Friday, hitting $57.18. 7,416,404 shares of the company's stock were exchanged, compared to its average volume of 2,295,599. 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 stock's 50 day moving average price is $68.97 and its 200-day moving average price is $62.79. The firm has a market cap of $102.76 billion, a P/E ratio of 16.06, a PEG ratio of 1.44 and a beta of 0.82. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 24.68% and a net margin of 12.16%. During the same quarter in the previous year, the business earned $0.90 EPS. The business's quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

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.