Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 848,775 shares of the consumer goods maker’s stock after acquiring an additional 166,315 shares during the quarter. Northern Trust Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $42,498,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dodge & Cox boosted its stake in Anheuser-Busch InBev SA/NV by 27.7% during the 4th quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker’s stock valued at $2,002,641,000 after purchasing an additional 8,670,940 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $56,849,000. Raymond James Financial Inc. bought a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $37,311,000. Alberta Investment Management Corp acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at approximately $28,540,000. Finally, The Manufacturers Life Insurance Company raised its stake in Anheuser-Busch InBev SA/NV by 7.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker’s stock valued at $379,004,000 after acquiring an additional 505,206 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They set a “buy” rating on the stock. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Buy” and an average price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $67.10 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $63.20 and a 200-day moving average of $56.71. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.55. The firm has a market cap of $120.58 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. During the same period last year, the business earned $0.75 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts forecast 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 business also recently announced an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th will be issued a dividend of $1.0492 per share. This represents a dividend yield of 1.2%. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. The ex-dividend date of this dividend is Wednesday, May 7th. Anheuser-Busch InBev SA/NV’s dividend payout ratio is currently 26.46%.

Anheuser-Busch InBev SA/NV 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.