Geneos Wealth Management Inc. Sells 936 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Geneos Wealth Management Inc. decreased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 68.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 429 shares of the consumer goods maker’s stock after selling 936 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $28,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BUD. Moneta Group Investment Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 82,251.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,778,048 shares of the consumer goods maker’s stock worth $286,874,000 after purchasing an additional 4,772,246 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in Anheuser-Busch InBev SA/NV by 3,774.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,197,204 shares of the consumer goods maker’s stock worth $65,775,000 after purchasing an additional 1,166,304 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Anheuser-Busch InBev SA/NV by 11.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,367,287 shares of the consumer goods maker’s stock worth $573,311,000 after purchasing an additional 1,077,724 shares during the last quarter. Armistice Capital LLC bought a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $38,876,000. Finally, Balyasny Asset Management L.P. raised its holdings in Anheuser-Busch InBev SA/NV by 589.5% during the 1st quarter. Balyasny Asset Management L.P. now owns 668,419 shares of the consumer goods maker’s stock worth $44,604,000 after purchasing an additional 571,473 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BUD has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $76.00 in a research report on Wednesday, January 10th. BNP Paribas downgraded shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. Finally, TD Cowen reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.70.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $57.35 on Thursday. The company has a fifty day simple moving average of $61.24 and a 200 day simple moving average of $60.79. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. The company has a market cap of $99.63 billion, a P/E ratio of 21.64, a PEG ratio of 1.75 and a beta of 1.13. Anheuser-Busch InBev SA/NV has a 12-month low of $51.66 and a 12-month high of $66.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 28th. The consumer goods maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $15.34 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. During the same period in the prior year, the firm earned $0.98 earnings per share. Sell-side analysts predict 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 firm also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.8722 per share. The ex-dividend date is Friday, May 3rd. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a yield of 1.1%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is 23.02%.

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.