Nuveen Asset Management LLC Lowers Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Nuveen Asset Management LLC cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,052,935 shares of the consumer goods maker’s stock after selling 182,657 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.06% of Anheuser-Busch InBev SA/NV worth $52,720,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth about $28,540,000. B&D White Capital Company LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth about $290,000. Blue Trust Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 15.8% in the fourth quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock worth $171,000 after acquiring an additional 464 shares during the period. Clarkston Capital Partners LLC lifted its stake in Anheuser-Busch InBev SA/NV by 30.3% in the fourth quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker’s stock worth $74,797,000 after acquiring an additional 347,000 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth about $37,311,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on BUD. StockNews.com lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Sunday. Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They issued a “buy” rating for the company. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $67.51 on Monday. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $68.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The company has a market capitalization of $121.33 billion, a PE ratio of 20.84, a P/E/G ratio of 1.73 and a beta of 0.83. The company has a 50-day simple moving average of $63.74 and a two-hundred day simple moving average of $56.74.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, May 8th. The consumer goods maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share. Research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Investors of record on Wednesday, May 7th will be given a $1.0492 dividend. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. This represents a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 7th. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 22.32%.

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.