Truist Financial Corp Has $3.12 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Truist Financial Corp boosted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 12.6% in the fourth quarter, Holdings Channel reports. The fund owned 48,303 shares of the consumer goods maker’s stock after acquiring an additional 5,417 shares during the period. Truist Financial Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BUD. Pflug Koory LLC boosted its stake in Anheuser-Busch InBev SA/NV by 14.0% during the 4th quarter. Pflug Koory LLC now owns 1,621 shares of the consumer goods maker’s stock valued at $105,000 after purchasing an additional 199 shares during the period. Hazlett Burt & Watson Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 7.8% in the third quarter. Hazlett Burt & Watson Inc. now owns 2,748 shares of the consumer goods maker’s stock valued at $151,000 after acquiring an additional 200 shares during the period. CHICAGO TRUST Co NA grew its stake in shares of Anheuser-Busch InBev SA/NV by 2.1% in the third quarter. CHICAGO TRUST Co NA now owns 10,427 shares of the consumer goods maker’s stock worth $577,000 after acquiring an additional 211 shares during the last quarter. Stableford Capital II LLC raised its stake in Anheuser-Busch InBev SA/NV by 1.4% during the 4th quarter. Stableford Capital II LLC now owns 16,051 shares of the consumer goods maker’s stock valued at $1,046,000 after purchasing an additional 217 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in Anheuser-Busch InBev SA/NV by 25.8% in the 4th quarter. Private Trust Co. NA now owns 1,063 shares of the consumer goods maker’s stock valued at $69,000 after purchasing an additional 218 shares during the period. 5.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BUD has been the topic of several research reports. TD Cowen dropped 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. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and upped their price target for the company from $60.00 to $76.00 in a report on Wednesday, January 10th. Finally, BNP Paribas lowered Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.70.

Anheuser-Busch InBev SA/NV Trading Up 1.6 %

BUD stock opened at $60.56 on Wednesday. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $66.24. 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 business’s 50 day moving average is $60.20 and its 200-day moving average is $61.46. The firm has a market cap of $105.20 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.80 and a beta of 1.11.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $14.47 billion for the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Equities analysts anticipate 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 company also recently declared an annual dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 6th will be given a $0.8722 dividend. 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. This represents a yield of 1.1%. Anheuser-Busch InBev SA/NV’s payout ratio is 24.53%.

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.