First Trust Direct Indexing L.P. Sells 1,480 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

First Trust Direct Indexing L.P. trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 10.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,290 shares of the consumer goods maker’s stock after selling 1,480 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Anheuser-Busch InBev SA/NV were worth $747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 25.9% during the 4th quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock valued at $97,415,000 after acquiring an additional 309,977 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $136,630,000. Brandes Investment Partners LP boosted its position in shares of Anheuser-Busch InBev SA/NV by 52.7% during the 4th quarter. Brandes Investment Partners LP now owns 301,882 shares of the consumer goods maker’s stock valued at $19,508,000 after acquiring an additional 104,209 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $4,790,000. Finally, Morningstar Investment Services LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 82.6% during the 4th quarter. Morningstar Investment Services LLC now owns 144,352 shares of the consumer goods maker’s stock valued at $9,338,000 after acquiring an additional 65,317 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock opened at $59.76 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. The business’s fifty day simple moving average is $61.82 and its two-hundred day simple moving average is $62.00. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $67.49. The firm has a market cap of $107.40 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.66 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last released its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $0.65 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 6th were paid a $0.8722 dividend. 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. This represents a yield of 1.1%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 27.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BUD shares. Morgan Stanley lowered their target price on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Read Our Latest Research Report on Anheuser-Busch InBev SA/NV

About Anheuser-Busch InBev SA/NV

(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.

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

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