Stockman Wealth Management Inc. increased its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 9.4% in the first quarter, HoldingsChannel reports. The firm owned 50,361 shares of the consumer goods maker’s stock after purchasing an additional 4,327 shares during the period. Anheuser Busch Inbev makes up approximately 1.8% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Stockman Wealth Management Inc.’s holdings in Anheuser Busch Inbev were worth $4,229,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Associated Banc Corp increased its position in Anheuser Busch Inbev by 0.4% in the 1st quarter. Associated Banc Corp now owns 76,806 shares of the consumer goods maker’s stock valued at $6,450,000 after acquiring an additional 313 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Anheuser Busch Inbev in the 1st quarter valued at about $299,000. Motley Fool Wealth Management LLC increased its position in Anheuser Busch Inbev by 2.6% in the 1st quarter. Motley Fool Wealth Management LLC now owns 80,044 shares of the consumer goods maker’s stock valued at $6,721,000 after acquiring an additional 2,027 shares in the last quarter. Global Retirement Partners LLC increased its position in Anheuser Busch Inbev by 35.9% in the 1st quarter. Global Retirement Partners LLC now owns 613 shares of the consumer goods maker’s stock valued at $51,000 after acquiring an additional 162 shares in the last quarter. Finally, Raymond James & Associates increased its position in Anheuser Busch Inbev by 48.5% in the 1st quarter. Raymond James & Associates now owns 571,543 shares of the consumer goods maker’s stock valued at $47,993,000 after acquiring an additional 186,635 shares in the last quarter. Institutional investors and hedge funds own 4.31% of the company’s stock.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Barclays initiated coverage on shares of Anheuser Busch Inbev in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $83.64 target price on the stock. Bank of America raised shares of Anheuser Busch Inbev from an “underperform” rating to a “neutral” rating and set a $91.00 target price on the stock in a research note on Friday, April 5th. Royal Bank of Canada lowered shares of Anheuser Busch Inbev from a “top pick” rating to a “sector perform” rating and set a $75.00 target price on the stock. in a research note on Thursday, March 7th. Finally, Societe Generale initiated coverage on shares of Anheuser Busch Inbev in a research note on Friday, February 1st. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $94.96.
Anheuser Busch Inbev (NYSE:BUD) last issued its earnings results on Tuesday, May 7th. The consumer goods maker reported $1.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.27. The company had revenue of $12.59 billion for the quarter, compared to analyst estimates of $12.66 billion. Anheuser Busch Inbev had a net margin of 12.78% and a return on equity of 21.34%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. As a group, equities research analysts anticipate that Anheuser Busch Inbev NV will post 5.02 earnings per share for the current fiscal year.
The firm also recently announced 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%. The ex-dividend date is Tuesday, May 7th. This is a positive change from Anheuser Busch Inbev’s previous semiannual dividend of $0.91. Anheuser Busch Inbev’s dividend payout ratio (DPR) is 48.26%.
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Anheuser Busch Inbev Company Profile
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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