Gallacher Capital Management LLC Has $313,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Gallacher Capital Management LLC lifted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 14.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,148 shares of the consumer goods maker’s stock after acquiring an additional 660 shares during the period. Gallacher Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $313,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at $26,000. Naples Money Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth about $30,000. Russell Investments Group Ltd. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock worth $42,000 after acquiring an additional 346 shares in the last quarter. Janiczek Wealth Management LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 111.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 882 shares of the consumer goods maker’s stock valued at $57,000 after purchasing an additional 464 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $57,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Up 0.6 %

BUD traded up $0.38 during trading hours on Friday, hitting $61.63. 466,580 shares of the company’s stock were exchanged, compared to its average volume of 1,833,679. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49. The stock’s 50-day moving average is $61.83 and its two-hundred day moving average is $61.90. The stock has a market cap of $110.76 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.67 and a beta of 1.10.

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 for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.43 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. Sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.36 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 6th were given a $0.8722 dividend. This represents a dividend yield of 1.1%. This is a boost from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend was Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 27.31%.

Wall Street Analyst Weigh In

Several analysts have commented on BUD shares. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Morgan Stanley cut their price objective on shares of 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, July 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.13.

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.