Kestra Private Wealth Services LLC Lowers Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Kestra Private Wealth Services LLC trimmed its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 24.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,482 shares of the consumer goods maker’s stock after selling 4,663 shares during the period. Kestra Private Wealth Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $26,000. Naples Money Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at $30,000. GPS Wealth Strategies Group LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 448.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 603 shares of the consumer goods maker’s stock worth $33,000 after purchasing an additional 493 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 125.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 629 shares of the consumer goods maker’s stock worth $35,000 after purchasing an additional 350 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Anheuser-Busch InBev SA/NV by 116.5% during the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock valued at $42,000 after purchasing an additional 346 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Trading Up 1.2 %

Shares of NYSE:BUD opened at $59.71 on Friday. 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 52-week low of $51.66 and a 52-week high of $66.32. The stock has a market cap of $103.73 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.81 and a beta of 1.11. The business has a 50-day moving average price of $60.32 and a 200-day moving average price of $61.25.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. The company had revenue of $14.47 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same period last year, the firm posted $0.98 EPS. Equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current 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%. This is a boost from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Friday, May 3rd. Anheuser-Busch InBev SA/NV’s payout ratio is presently 23.02%.

Analysts Set New Price Targets

Several research firms have commented on BUD. Jefferies Financial Group raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and increased their price target for the company 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 note on Friday, January 12th. Finally, TD Cowen cut their price target 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.