Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 65.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,581 shares of the consumer goods maker’s stock after selling 6,917 shares during the period. Ritholtz Wealth Management’s holdings in Anheuser-Busch InBev SA/NV were worth $220,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BUD. Rakuten Securities Inc. increased its position in Anheuser-Busch InBev SA/NV by 2,722.7% in the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock worth $31,000 after buying an additional 599 shares during the period. NBC Securities Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the first quarter worth $32,000. Whipplewood Advisors LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth $36,000. Measured Risk Portfolios Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth $40,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the first quarter worth $41,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Up 0.3%

Shares of BUD stock opened at $71.18 on Friday. The stock has a 50-day simple moving average of $68.08 and a 200 day simple moving average of $59.22. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The stock has a market capitalization of $127.93 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.09 and a beta of 0.85. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.09% and a net margin of 11.74%. During the same quarter in the previous year, the company earned $0.75 earnings per share. Anheuser-Busch InBev SA/NV’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, sell-side 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 declared an annual dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 7th were given a $1.0492 dividend. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a dividend yield of 1.2%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 24.64%.

Wall Street Analyst Weigh In

BUD has been the topic of several analyst reports. Argus raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, March 27th. Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Sunday, May 18th. BNP Paribas raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. Berenberg Bank initiated coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $71.50.

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.