Everett Harris & Co. CA Acquires 2,140 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Everett Harris & Co. CA grew its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 277,437 shares of the consumer goods maker’s stock after purchasing an additional 2,140 shares during the quarter. Everett Harris & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $16,863,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Anheuser-Busch InBev SA/NV by 11.6% in the third quarter. The Manufacturers Life Insurance Company now owns 10,367,287 shares of the consumer goods maker’s stock worth $573,311,000 after buying an additional 1,077,724 shares in the last quarter. Capital International Investors boosted its position in Anheuser-Busch InBev SA/NV by 0.9% during the fourth quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock valued at $137,447,000 after purchasing an additional 18,280 shares in the last quarter. DAVENPORT & Co LLC grew its stake in Anheuser-Busch InBev SA/NV by 25.9% in the fourth quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock valued at $97,415,000 after purchasing an additional 309,977 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Anheuser-Busch InBev SA/NV by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 873,977 shares of the consumer goods maker’s stock worth $56,476,000 after purchasing an additional 37,084 shares in the last quarter. Finally, Seafarer Capital Partners LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 8.2% during the fourth quarter. Seafarer Capital Partners LLC now owns 792,000 shares of the consumer goods maker’s stock valued at $51,179,000 after buying an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BUD shares. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Morgan Stanley reduced their price target on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock traded up $1.40 during mid-day trading on Thursday, reaching $60.06. 1,537,626 shares of the company traded hands, compared to its average volume of 1,323,782. The firm’s fifty day moving average is $61.82 and its two-hundred day moving average is $62.04. The company has a market capitalization of $107.94 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.43 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. Anheuser-Busch InBev SA/NV’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, equities research analysts expect 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 business also recently announced an annual dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 6th were issued a dividend of $0.8722 per share. This represents a 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 was Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 27.31%.

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.