Kornitzer Capital Management Inc. KS Cuts Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Kornitzer Capital Management Inc. KS decreased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,190 shares of the consumer goods maker’s stock after selling 410 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Anheuser-Busch InBev SA/NV were worth $465,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $26,000. Naples Money Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at $30,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 448.2% during the third quarter. GPS Wealth Strategies Group LLC now owns 603 shares of the consumer goods maker’s stock valued at $33,000 after acquiring an additional 493 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 491.2% during the second quarter. Sunbelt Securities Inc. now owns 603 shares of the consumer goods maker’s stock valued at $34,000 after acquiring an additional 501 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 125.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 629 shares of the consumer goods maker’s stock valued at $35,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD opened at $58.74 on Monday. The company has a market cap of $102.04 billion, a P/E ratio of 22.17, a PEG ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $66.56. The business’s 50-day simple moving average is $60.97 and its 200 day simple moving average is $60.91.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results 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. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The business had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $15.34 billion. During the same period last year, the business posted $0.98 EPS. On average, sell-side 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 firm also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.8722 per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 23.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BNP Paribas downgraded Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. Jefferies Financial Group upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and increased their target price for the stock from $60.00 to $76.00 in a research report on Wednesday, January 10th. Finally, TD Cowen reduced their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.70.

About Anheuser-Busch InBev SA/NV

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.