Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 95.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,878 shares of the consumer goods maker’s stock after buying an additional 1,409 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BUD. Dodge & Cox grew its holdings in shares of Anheuser-Busch InBev SA/NV by 27.7% during the fourth quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker’s stock valued at $2,002,641,000 after buying an additional 8,670,940 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $56,849,000. Raymond James Financial Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $37,311,000. The Manufacturers Life Insurance Company lifted its position in shares of Anheuser-Busch InBev SA/NV by 7.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker’s stock worth $379,004,000 after purchasing an additional 505,206 shares during the last quarter. Finally, Clarkston Capital Partners LLC raised its holdings in Anheuser-Busch InBev SA/NV by 30.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker’s stock valued at $74,797,000 after acquiring an additional 347,000 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $67.86 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $121.95 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.78 and a beta of 0.82. The stock has a fifty day simple moving average of $69.23 and a 200 day simple moving average of $61.43. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 11.74% and a return on equity of 16.09%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. 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 was paid on Friday, June 6th. Stockholders of record on Wednesday, May 7th were issued a dividend of $1.0492 per share. This is an increase 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 was Wednesday, May 7th. Anheuser-Busch InBev SA/NV’s payout ratio is currently 24.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BUD shares. Wall Street Zen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a report on Sunday, May 18th. Berenberg Bank assumed coverage on Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They issued a “buy” rating on the stock. Argus upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Thursday, March 27th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Finally, BNP Paribas raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.50.

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.