Crossmark Global Holdings Inc. Buys 1,351 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Crossmark Global Holdings Inc. raised its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,773 shares of the consumer goods maker’s stock after acquiring an additional 1,351 shares during the period. Crossmark Global Holdings Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BUD. Avantax Advisory Services Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 3.9% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,845 shares of the consumer goods maker’s stock valued at $434,000 after acquiring an additional 296 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 15.2% in the 3rd quarter. HighTower Advisors LLC now owns 33,973 shares of the consumer goods maker’s stock valued at $1,880,000 after acquiring an additional 4,493 shares in the last quarter. Huntington National Bank raised its holdings in shares of Anheuser-Busch InBev SA/NV by 26.1% in the 3rd quarter. Huntington National Bank now owns 1,319 shares of the consumer goods maker’s stock valued at $73,000 after acquiring an additional 273 shares in the last quarter. UBS Group AG raised its holdings in shares of Anheuser-Busch InBev SA/NV by 25.5% in the 3rd quarter. UBS Group AG now owns 107,318 shares of the consumer goods maker’s stock valued at $5,935,000 after acquiring an additional 21,794 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $170,000. 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 $62.22 on Monday. The stock’s 50-day moving average is $61.71 and its 200 day moving average is $62.44. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49. The stock has a market cap of $108.09 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.45 and a beta of 1.12.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The business had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period last year, the company earned $0.65 EPS. Anheuser-Busch InBev SA/NV’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.42 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 6th were given a dividend of $0.8722 per share. This represents a yield of 1.1%. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date was Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 27.31%.

Wall Street Analysts Forecast Growth

Separately, TD Cowen decreased their price objective on 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Check Out Our Latest Analysis on BUD

Anheuser-Busch InBev SA/NV Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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