Cerity Partners LLC Increases Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cerity Partners LLC lifted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 45.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,908 shares of the consumer goods maker’s stock after buying an additional 4,681 shares during the quarter. Cerity Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 25.9% during the fourth quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock worth $97,415,000 after acquiring an additional 309,977 shares during the period. SG Americas Securities LLC grew its stake in Anheuser-Busch InBev SA/NV by 232.4% in the fourth quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock worth $1,619,000 after purchasing an additional 17,516 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth $1,449,000. Allworth Financial LP raised its position in Anheuser-Busch InBev SA/NV by 11.8% during the 4th quarter. Allworth Financial LP now owns 3,538 shares of the consumer goods maker’s stock valued at $229,000 after purchasing an additional 373 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth $4,790,000. 5.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $59.49 on Tuesday. Anheuser-Busch InBev SA/NV has a 12-month low of $51.66 and a 12-month high of $66.56. The business’s fifty day simple moving average is $60.87 and its 200-day simple moving average is $60.96. 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 $103.35 billion, a PE ratio of 22.45, a PEG ratio of 1.77 and a beta of 1.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. The company had revenue of $14.47 billion for the quarter, compared to analyst estimates of $15.34 billion. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. During the same period in the prior year, the company posted $0.98 EPS. Analysts expect 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 business also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 6th will be given a $0.8722 dividend. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a dividend yield of 1.1%. The ex-dividend date is Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 24.15%.

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.