M&T Bank Corp Purchases 1,121 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

M&T Bank Corp raised its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 23.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,805 shares of the consumer goods maker’s stock after buying an additional 1,121 shares during the quarter. M&T Bank Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $357,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. May Hill Capital LLC bought a new position in Anheuser-Busch InBev SA/NV in the first quarter worth $454,000. Pekin Hardy Strauss Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 113.0% in the first quarter. Pekin Hardy Strauss Inc. now owns 57,409 shares of the consumer goods maker’s stock worth $3,534,000 after buying an additional 30,461 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 1.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker’s stock valued at $1,046,000 after purchasing an additional 179 shares during the last quarter. Callan Capital LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 40.7% in the first quarter. Callan Capital LLC now owns 14,929 shares of the consumer goods maker’s stock worth $919,000 after purchasing an additional 4,322 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Anheuser-Busch InBev SA/NV by 11.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,862 shares of the consumer goods maker’s stock worth $176,000 after buying an additional 289 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and upped their price objective for the company from $70.10 to $88.00 in a research report on Monday, May 12th. Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a “buy” rating for the company. Argus upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, March 27th. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Sunday, May 18th. Finally, BNP Paribas raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Buy” and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Stock Up 0.2%

BUD opened at $67.86 on Friday. The company has a market cap of $121.95 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.78 and a beta of 0.82. The company has a 50-day moving average price of $69.23 and a 200 day moving average price of $61.43. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. 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 quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. 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 company also recently announced an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were given a $1.0492 dividend. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. This represents a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 7th. Anheuser-Busch InBev SA/NV’s payout ratio is currently 24.64%.

Anheuser-Busch InBev SA/NV Company 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.