Ritholtz Wealth Management Sells 10,698 Shares of Anheuser-Busch InBev SA/NV $BUD

Ritholtz Wealth Management trimmed its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 44.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,604 shares of the consumer goods maker’s stock after selling 10,698 shares during the period. Ritholtz Wealth Management’s holdings in Anheuser-Busch InBev SA/NV were worth $811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 52.9% in the first quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock valued at $556,000 after purchasing an additional 3,127 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Anheuser-Busch InBev SA/NV by 7.8% during the first quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock worth $546,000 after buying an additional 642 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after buying an additional 265,783 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Anheuser-Busch InBev SA/NV by 0.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,177 shares of the consumer goods maker’s stock worth $2,493,000 after acquiring an additional 298 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Anheuser-Busch InBev SA/NV by 14.4% in the second quarter. UMB Bank n.a. now owns 1,719 shares of the consumer goods maker’s stock valued at $118,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

BUD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, December 29th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, December 9th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 28th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and an average price target of $77.67.

Anheuser-Busch InBev SA/NV Stock Down 0.2%

Anheuser-Busch InBev SA/NV stock opened at $68.59 on Tuesday. The company’s 50-day moving average price is $63.73 and its two-hundred day moving average price is $62.72. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The stock has a market cap of $133.93 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.44 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a twelve month low of $47.60 and a twelve month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.20% and a net margin of 10.40%.The company had revenue of $15.13 billion during the quarter, compared to analysts’ expectations of $15.28 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s revenue was up .6% on a year-over-year basis. As a group, analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.1722 per share. The ex-dividend date was Wednesday, November 19th. This represents a yield of 57.0%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 7.84%.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.