Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up on Earnings Beat

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s stock price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $60.57, but opened at $63.51. Anheuser-Busch InBev SA/NV shares last traded at $63.18, with a volume of 1,058,721 shares trading hands.

The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $14.43 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. Anheuser-Busch InBev SA/NV’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a dividend yield of 1.1%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is presently 24.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BUD shares. TD Cowen dropped their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. BNP Paribas cut shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research note on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.70.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

A number of institutional investors have recently added to or reduced their stakes in BUD. Maso Capital Partners Ltd bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $608,000. Dorsey & Whitney Trust CO LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 5.3% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,567 shares of the consumer goods maker’s stock valued at $278,000 after acquiring an additional 228 shares during the last quarter. TBH Global Asset Management LLC increased its position in Anheuser-Busch InBev SA/NV by 4.9% during the 1st quarter. TBH Global Asset Management LLC now owns 12,569 shares of the consumer goods maker’s stock valued at $764,000 after purchasing an additional 587 shares during the period. Bleakley Financial Group LLC raised its holdings in Anheuser-Busch InBev SA/NV by 5.8% during the 1st quarter. Bleakley Financial Group LLC now owns 26,383 shares of the consumer goods maker’s stock worth $1,604,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 10.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,736 shares of the consumer goods maker’s stock worth $470,000 after purchasing an additional 729 shares during the period. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. The stock’s 50 day moving average price is $60.21 and its 200 day moving average price is $61.47. The company has a market capitalization of $110.29 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11.

Anheuser-Busch InBev SA/NV Company 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.