Premier Path Wealth Partners LLC Increases Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Premier Path Wealth Partners LLC raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,602 shares of the consumer goods maker’s stock after purchasing an additional 2,114 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dodge & Cox raised its position in Anheuser-Busch InBev SA/NV by 27.7% in the 4th quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker’s stock worth $2,002,641,000 after purchasing an additional 8,670,940 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Anheuser-Busch InBev SA/NV by 7.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker’s stock worth $379,004,000 after buying an additional 505,206 shares during the period. Capital International Investors raised its holdings in shares of Anheuser-Busch InBev SA/NV by 5.5% in the fourth quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker’s stock worth $129,201,000 after buying an additional 134,243 shares during the period. Clarkston Capital Partners LLC increased 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 worth $74,797,000 after purchasing an additional 347,000 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth $56,849,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Trading Up 0.6%

NYSE BUD opened at $70.91 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 0.70. The company has a market capitalization of $127.44 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85. The company’s 50-day simple moving average is $67.70 and its two-hundred day simple moving average is $58.99. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last posted its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. Equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th were issued a $1.0492 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. This represents a dividend yield of 1.2%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is currently 24.64%.

Wall Street Analyst Weigh In

BUD has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and increased their target price for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, Argus raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $71.50.

Get Our Latest Stock Report on Anheuser-Busch InBev SA/NV

About Anheuser-Busch InBev SA/NV

(Free Report)

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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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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