Foresight Global Investors Inc. Cuts Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Foresight Global Investors Inc. decreased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 29.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,019 shares of the consumer goods maker’s stock after selling 8,541 shares during the quarter. Anheuser-Busch InBev SA/NV comprises about 0.7% of Foresight Global Investors Inc.’s investment portfolio, making the stock its 20th biggest holding. Foresight Global Investors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. SVB Wealth LLC raised its holdings in Anheuser-Busch InBev SA/NV by 7.0% in the 3rd quarter. SVB Wealth LLC now owns 3,781 shares of the consumer goods maker’s stock worth $209,000 after acquiring an additional 249 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 28.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,355 shares of the consumer goods maker’s stock valued at $2,121,000 after buying an additional 8,511 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 21.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 66,379 shares of the consumer goods maker’s stock worth $3,671,000 after buying an additional 11,564 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at about $707,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 43.4% during the 3rd quarter. Lindbrook Capital LLC now owns 2,183 shares of the consumer goods maker’s stock valued at $121,000 after acquiring an additional 661 shares during the last quarter. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock traded up $0.50 on Thursday, hitting $63.49. 2,301,642 shares of the stock traded hands, compared to its average volume of 2,062,374. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $66.24. The firm has a 50 day simple moving average of $60.21 and a two-hundred day simple moving average of $61.47. The firm has a market cap of $110.29 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.80 and a beta of 1.11.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. The firm had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter last year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict 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 will be paid on Friday, June 7th. Investors of record on Monday, May 6th will be given a $0.8722 dividend. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 3rd. Anheuser-Busch InBev SA/NV’s payout ratio is currently 24.53%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BUD. TD Cowen lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Jefferies Financial Group upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and upped their price objective for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. Finally, BNP Paribas lowered shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.70.

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.