Penserra Capital Management LLC Has $157,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Penserra Capital Management LLC grew its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 24.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,553 shares of the consumer goods maker’s stock after purchasing an additional 506 shares during the period. Penserra Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Dodge & Cox boosted its position in Anheuser-Busch InBev SA/NV by 27.7% during the 4th quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker’s stock worth $2,002,641,000 after buying an additional 8,670,940 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Anheuser-Busch InBev SA/NV by 7.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker’s stock worth $379,004,000 after purchasing an additional 505,206 shares during the period. Capital International Investors lifted its position in shares of Anheuser-Busch InBev SA/NV by 5.5% in the 4th quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker’s stock worth $129,201,000 after purchasing an additional 134,243 shares during the period. Clarkston Capital Partners LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 30.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker’s stock worth $74,797,000 after purchasing an additional 347,000 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $56,849,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BUD has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Sunday, May 18th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They issued a “buy” rating on the stock. Finally, Argus upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $67.47 on Friday. The company has a fifty day moving average of $69.12 and a 200-day moving average of $61.03. The firm has a market capitalization of $121.26 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.77 and a beta of 0.82. 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 has a twelve month low of $45.94 and a twelve month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data 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 net margin of 11.74% and a return on equity of 16.09%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share. As a group, sell-side analysts anticipate 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 declared an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were paid a dividend of $1.0492 per share. This represents a yield of 1.2%. The ex-dividend date was Wednesday, May 7th. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. Anheuser-Busch InBev SA/NV’s payout ratio is 24.64%.

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.