Anheuser-Busch InBev SA/NV $BUD Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 46.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,805 shares of the consumer goods maker’s stock after selling 43,909 shares during the quarter. QRG Capital Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BUD. Salomon & Ludwin LLC increased its position in Anheuser-Busch InBev SA/NV by 494.7% during the third quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after purchasing an additional 371 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $28,000. Mather Group LLC. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $34,000. Elevation Point Wealth Partners LLC purchased a new position in Anheuser-Busch InBev SA/NV in the second quarter worth approximately $35,000. Finally, NewSquare Capital LLC increased its stake in Anheuser-Busch InBev SA/NV by 602.7% during the second quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock worth $36,000 after acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Ratings Changes

BUD has been the topic of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, January 9th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, December 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, November 28th. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.67.

Anheuser-Busch InBev SA/NV Stock Down 0.2%

Shares of NYSE:BUD opened at $68.59 on Monday. The firm has a market capitalization of $133.93 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.44 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a 1 year low of $47.60 and a 1 year high of $72.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The firm’s 50-day moving average is $63.63 and its two-hundred day moving average is $62.72.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a net margin of 10.40% and a return on equity of 16.20%. The firm had revenue of $15.13 billion during the quarter, compared to analysts’ expectations of $15.28 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.1722 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a dividend yield of 57.0%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is currently 7.84%.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.