Pittenger & Anderson Inc. Increases Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pittenger & Anderson Inc. raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 13.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,175 shares of the consumer goods maker’s stock after purchasing an additional 2,575 shares during the period. Pittenger & Anderson Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Yousif Capital Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 7.3% in the 4th quarter. Yousif Capital Management LLC now owns 30,750 shares of the consumer goods maker’s stock worth $1,987,000 after acquiring an additional 2,100 shares in the last quarter. Cumberland Partners Ltd purchased a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $452,000. GAMMA Investing LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at $64,000. CWM LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 67.1% in the 4th quarter. CWM LLC now owns 6,731 shares of the consumer goods maker’s stock worth $435,000 after acquiring an additional 2,702 shares in the last quarter. Finally, Naples Money Management LLC bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $30,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock traded down $0.32 during trading hours on Thursday, reaching $59.94. The stock had a trading volume of 1,288,201 shares, compared to its average volume of 2,065,136. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $66.56. The stock’s 50 day moving average is $60.76 and its 200 day moving average is $61.01. The firm has a market capitalization of $104.13 billion, a PE ratio of 22.74, a PEG ratio of 1.82 and a beta of 1.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Wednesday, February 28th. The consumer goods maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The company had revenue of $14.47 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same period last year, the company earned $0.98 earnings per share. Equities analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently announced 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 a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Friday, May 3rd. This represents a dividend yield of 1.1%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 23.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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. Jefferies Financial Group raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. Finally, TD Cowen cut their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and a consensus target price of $71.70.

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.