Short Interest in Anheuser-Busch InBev SA/NV (NYSE:BUD) Grows By 12.2%

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,660,000 shares, a growth of 12.2% from the May 15th total of 2,370,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,990,000 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

A number of hedge funds have recently bought and sold shares of the business. DAVENPORT & Co LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 25.9% during the 4th quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock valued at $97,415,000 after purchasing an additional 309,977 shares during the period. SG Americas Securities LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 232.4% during the 4th quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock valued at $1,619,000 after purchasing an additional 17,516 shares during the period. Capital International Investors grew its stake in shares of Anheuser-Busch InBev SA/NV by 0.9% during the 4th quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock valued at $137,447,000 after purchasing an additional 18,280 shares during the period. Simplicity Wealth LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at about $1,604,000. Finally, Allworth Financial LP grew its stake in shares of Anheuser-Busch InBev SA/NV by 11.8% during the 4th quarter. Allworth Financial LP now owns 3,538 shares of the consumer goods maker’s stock valued at $229,000 after acquiring an additional 373 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.7 %

Shares of BUD traded down $0.39 during trading hours on Tuesday, hitting $59.31. The company had a trading volume of 461,305 shares, compared to its average volume of 1,886,586. The firm has a fifty day moving average price of $61.75 and a 200-day moving average price of $62.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. The stock has a market capitalization of $106.59 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 1.39 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last issued its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, topping 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 business had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. Anheuser-Busch InBev SA/NV’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.42 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 6th were given a $0.8722 dividend. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend was Friday, May 3rd. This represents a yield of 1.1%. Anheuser-Busch InBev SA/NV’s payout ratio is 27.31%.

Analyst Ratings Changes

Separately, TD Cowen lowered their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.13.

Check Out Our Latest Analysis on BUD

About Anheuser-Busch InBev SA/NV

(Get 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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