Greytown Advisors Inc. lessened its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 15.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,473 shares of the consumer goods maker’s stock after selling 1,322 shares during the quarter. Greytown Advisors Inc.’s holdings in Anheuser Busch Inbev were worth $628,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Lazard Asset Management LLC grew its holdings in Anheuser Busch Inbev by 360.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,889,669 shares of the consumer goods maker’s stock worth $158,675,000 after acquiring an additional 1,478,922 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Anheuser Busch Inbev by 13.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,249,020 shares of the consumer goods maker’s stock worth $524,730,000 after acquiring an additional 759,947 shares in the last quarter. BlackRock Inc. grew its holdings in Anheuser Busch Inbev by 100.1% during the 1st quarter. BlackRock Inc. now owns 735 shares of the consumer goods maker’s stock worth $62,000 after acquiring an additional 680,098 shares in the last quarter. Geo Capital Gestora de Recursos Ltd bought a new position in Anheuser Busch Inbev during the 4th quarter worth about $13,161,000. Finally, Raymond James & Associates grew its holdings in Anheuser Busch Inbev by 48.5% during the 1st quarter. Raymond James & Associates now owns 571,543 shares of the consumer goods maker’s stock worth $47,993,000 after acquiring an additional 186,635 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on BUD. ValuEngine upgraded shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Saturday, June 1st. Argus upgraded shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 9th. Bank of America upgraded shares of Anheuser Busch Inbev from an “underperform” rating to a “neutral” rating and set a $91.00 price target on the stock in a report on Friday, April 5th. Finally, Barclays assumed coverage on shares of Anheuser Busch Inbev in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $83.64 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $83.77.
Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Tuesday, May 7th. The consumer goods maker reported $1.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.27. Anheuser Busch Inbev had a net margin of 12.78% and a return on equity of 21.34%. The business had revenue of $12.59 billion for the quarter, compared to analysts’ expectations of $12.66 billion. During the same period last year, the business earned $0.73 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. On average, research analysts forecast that Anheuser Busch Inbev NV will post 5.01 EPS for the current year.
The company also recently declared a semiannual dividend, which was paid on Thursday, June 6th. Stockholders of record on Wednesday, May 8th were issued a $1.1152 dividend. This is a boost from Anheuser Busch Inbev’s previous semiannual dividend of $0.91. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend was Tuesday, May 7th. Anheuser Busch Inbev’s dividend payout ratio (DPR) is currently 48.55%.
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Anheuser Busch Inbev Company Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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