Anheuser-Busch Inbev SA to Issue Semiannual Dividend of $1.85 (BUD)
Anheuser-Busch Inbev SA (NYSE:BUD) declared a semiannual dividend on Monday, October 30th, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be given a dividend of 1.8534 per share by the consumer goods maker on Thursday, December 7th. This represents a dividend yield of 3.07%. The ex-dividend date is Tuesday, November 14th.
Anheuser-Busch Inbev SA has increased its dividend by an average of 9.8% per year over the last three years and has raised its dividend every year for the last 7 years. Anheuser-Busch Inbev SA has a dividend payout ratio of 86.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Anheuser-Busch Inbev SA to earn $5.05 per share next year, which means the company should continue to be able to cover its $3.71 annual dividend with an expected future payout ratio of 73.5%.
Anheuser-Busch Inbev SA (NYSE:BUD) traded up 0.94% on Monday, hitting $120.81. 1,343,131 shares of the stock were exchanged. The company’s 50-day moving average is $121.56 and its 200-day moving average is $117.10. The company has a market cap of $233.61 billion, a PE ratio of 60.22 and a beta of 1.07. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $126.50.
Anheuser-Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.19). The firm had revenue of $14.74 billion for the quarter, compared to analyst estimates of $15 billion. Anheuser-Busch Inbev SA had a net margin of 9.57% and a return on equity of 16.57%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 earnings per share. On average, analysts predict that Anheuser-Busch Inbev SA will post $4.17 earnings per share for the current year.
BUD has been the subject of several research reports. Susquehanna Bancshares Inc set a $111.00 price target on Anheuser-Busch Inbev SA and gave the company a “hold” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $139.00 price target on Anheuser-Busch Inbev SA and gave the company a “buy” rating in a report on Saturday, July 29th. Argus initiated coverage on Anheuser-Busch Inbev SA in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price target for the company. BidaskClub upgraded Anheuser-Busch Inbev SA from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $127.39.
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About Anheuser-Busch Inbev SA
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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