Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Foresight Global Investors Inc.

Foresight Global Investors Inc. trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 29.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,019 shares of the consumer goods maker’s stock after selling 8,541 shares during the period. Anheuser-Busch InBev SA/NV accounts for approximately 0.7% of Foresight Global Investors Inc.’s portfolio, making the stock its 20th largest position. Foresight Global Investors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,294,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BUD. SVB Wealth LLC grew its stake in shares of 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 valued at $209,000 after purchasing an additional 249 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Anheuser-Busch InBev SA/NV by 28.5% in the 3rd 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 stake 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 valued at $3,671,000 after buying an additional 11,564 shares during the period. Stratos Wealth Partners LTD. purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth $707,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 43.4% in the 3rd quarter. Lindbrook Capital LLC now owns 2,183 shares of the consumer goods maker’s stock worth $121,000 after acquiring an additional 661 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

BUD has been the subject of several analyst reports. BNP Paribas cut shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. TD Cowen reduced their price target on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. Finally, Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $76.00 in a report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.70.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD traded up $0.50 during mid-day trading on Thursday, hitting $63.49. 2,301,642 shares of the company’s stock traded hands, compared to its average volume of 2,062,374. 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 company has a market cap of $110.29 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11. The firm’s 50 day simple moving average is $60.21 and its 200 day simple moving average is $61.47. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $66.24.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data 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 net margin of 8.99% and a return on equity of 13.57%. The business had revenue of $14.55 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period last year, the company posted $0.65 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Stockholders 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 is Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio is currently 24.53%.

About Anheuser-Busch InBev SA/NV

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.