Boston Advisors LLC purchased a new position in Anheuser Busch Inbev NV (NYSE:BUD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,590 shares of the consumer goods maker’s stock, valued at approximately $217,000.
Other hedge funds have also bought and sold shares of the company. Investors Research Corp purchased a new position in shares of Anheuser Busch Inbev during the first quarter valued at $26,000. Sontag Advisory LLC purchased a new position in shares of Anheuser Busch Inbev during the fourth quarter valued at $26,000. Dubuque Bank & Trust Co. purchased a new position in shares of Anheuser Busch Inbev during the fourth quarter valued at $26,000. Howe & Rusling Inc. increased its stake in shares of Anheuser Busch Inbev by 45.9% during the fourth quarter. Howe & Rusling Inc. now owns 493 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 155 shares during the period. Finally, Massey Quick Simon & CO. LLC purchased a new position in shares of Anheuser Busch Inbev during the first quarter valued at $44,000. Institutional investors and hedge funds own 4.31% of the company’s stock.
Several brokerages have recently commented on BUD. Societe Generale began coverage on Anheuser Busch Inbev in a research note on Friday, February 1st. They set a “hold” rating on the stock. Royal Bank of Canada lowered Anheuser Busch Inbev from a “top pick” rating to a “sector perform” rating and set a $75.00 price target on the stock. in a research note on Thursday, March 7th. Zacks Investment Research raised Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Bank of America raised Anheuser Busch Inbev from an “underperform” rating to a “neutral” rating and set a $91.00 price objective on the stock in a research report on Friday, April 5th. Finally, Barclays assumed coverage on Anheuser Busch Inbev in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $83.64 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $90.38.
NYSE BUD traded up $1.62 during trading on Wednesday, hitting $82.62. The company’s stock had a trading volume of 1,200,000 shares, compared to its average volume of 1,373,494. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.53. The company has a market cap of $137.17 billion, a PE ratio of 24.02, a P/E/G ratio of 1.87 and a beta of 1.17. Anheuser Busch Inbev NV has a fifty-two week low of $64.54 and a fifty-two week high of $106.86.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Tuesday, May 7th. The consumer goods maker reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. Anheuser Busch Inbev had a return on equity of 21.34% and a net margin of 12.78%. The business had revenue of $12.59 billion during the quarter, compared to the consensus estimate of $12.66 billion. During the same quarter last year, the company earned $0.73 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts predict that Anheuser Busch Inbev NV will post 5.02 earnings per share for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 8th will be paid a $1.1152 dividend. This represents a dividend yield of 2.55%. This is a boost from Anheuser Busch Inbev’s previous semiannual dividend of $0.91. The ex-dividend date is Tuesday, May 7th. Anheuser Busch Inbev’s dividend payout ratio (DPR) is presently 48.26%.
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About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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