Morningstar Investment Services LLC Purchases 65,317 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Morningstar Investment Services LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 82.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,352 shares of the consumer goods maker’s stock after buying an additional 65,317 shares during the quarter. Morningstar Investment Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $9,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $26,000. Naples Money Management LLC bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC lifted its stake in Anheuser-Busch InBev SA/NV by 125.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 629 shares of the consumer goods maker’s stock valued at $35,000 after buying an additional 350 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock valued at $42,000 after buying an additional 346 shares during the period. Finally, Janiczek Wealth Management LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 111.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 882 shares of the consumer goods maker’s stock worth $57,000 after acquiring an additional 464 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their target price on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $71.70.

Check Out Our Latest Stock Analysis on BUD

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $62.22 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48. The business has a 50-day moving average of $61.71 and a 200-day moving average of $62.43. The stock has a market capitalization of $108.09 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.48 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The firm had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.42 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 7th. Investors of record on Monday, May 6th were issued a dividend of $0.8722 per share. This represents a yield of 1.1%. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend was Friday, May 3rd. Anheuser-Busch InBev SA/NV’s payout ratio is presently 27.31%.

About Anheuser-Busch InBev SA/NV

(Free Report)

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.

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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