Sage Rhino Capital LLC Buys New Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sage Rhino Capital LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 4th quarter, Holdings Channel reports. The firm acquired 3,128 shares of the consumer goods maker’s stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $26,000. Naples Money Management LLC bought a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $30,000. GPS Wealth Strategies Group LLC boosted its stake in Anheuser-Busch InBev SA/NV by 448.2% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 603 shares of the consumer goods maker’s stock worth $33,000 after purchasing an additional 493 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 125.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 629 shares of the consumer goods maker’s stock valued at $35,000 after acquiring an additional 350 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 116.5% in the 4th quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock valued at $42,000 after acquiring an additional 346 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock traded down $0.28 during trading on Wednesday, hitting $59.38. The stock had a trading volume of 125,125 shares, compared to its average volume of 2,024,989. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $66.32. The stock has a market capitalization of $103.15 billion, a P/E ratio of 22.51, a PEG ratio of 1.82 and a beta of 1.13. The company’s 50-day moving average price is $60.55 and its two-hundred day moving average price is $61.24.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results 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 firm had revenue of $14.47 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, research analysts predict 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 declared an annual dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 6th will be given a dividend of $0.8722 per share. This represents a dividend yield of 1.1%. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 23.02%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BNP Paribas cut Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Jefferies Financial Group upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. Finally, TD Cowen lowered their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research note 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, the stock has a consensus rating of “Moderate Buy” and an average 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.