Anheuser-Busch InBev SA/NV (NYSE:BUD) Sets New 1-Year High at $66.24

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.24 and last traded at $66.10, with a volume of 542178 shares trading hands. The stock had previously closed at $65.67.

Wall Street Analyst Weigh In

Separately, TD Cowen dropped their target price on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.70.

Anheuser-Busch InBev SA/NV Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. The business's fifty day moving average price is $60.56 and its 200-day moving average price is $61.85. The company has a market capitalization of $114.71 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.91 and a beta of 1.11.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The company had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the company posted $0.65 EPS. Anheuser-Busch InBev SA/NV's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 6th will be paid a $0.8722 dividend. This represents a dividend yield of 1.1%. This is a positive change from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.61. The ex-dividend date is Friday, May 3rd. Anheuser-Busch InBev SA/NV's dividend payout ratio (DPR) is presently 27.31%.

Institutional Trading of Anheuser-Busch InBev SA/NV

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 1.6% in the third quarter. Assetmark Inc. now owns 20,564 shares of the consumer goods maker's stock worth $1,137,000 after buying an additional 321 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $209,000. Kornitzer Capital Management Inc. KS lifted its stake in Anheuser-Busch InBev SA/NV by 19.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 7,600 shares of the consumer goods maker's stock worth $420,000 after purchasing an additional 1,255 shares in the last quarter. Allworth Financial LP boosted its stake in Anheuser-Busch InBev SA/NV by 16.4% during the third quarter. Allworth Financial LP now owns 3,165 shares of the consumer goods maker's stock valued at $175,000 after buying an additional 446 shares during the last quarter. Finally, Optas LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $253,000. 5.53% of the stock is currently owned by institutional investors.

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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