Anheuser-Busch InBev SA/NV (NYSE:BUD) Sets New 1-Year High After Dividend Announcement

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s stock price hit a new 52-week high on Wednesday after the company announced a dividend. The stock traded as high as $65.90 and last traded at $65.81, with a volume of 2248202 shares. The stock had previously closed at $64.96.

The newly announced dividend which will be paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th will be paid a $1.0492 dividend. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. The ex-dividend date is Wednesday, May 7th. This represents a yield of 1.2%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is presently 26.46%.

Analysts Set New Price Targets

Several research firms have weighed in on BUD. StockNews.com upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Berenberg Bank initiated coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They issued a “buy” rating for the company. Argus upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday, March 27th. TD Cowen cut their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $66.00.

Anheuser-Busch InBev SA/NV Trading Up 1.3 %

The stock has a market cap of $118.27 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.73 and a beta of 0.80. The business’s 50 day simple moving average is $62.25 and its 200 day simple moving average is $56.68. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.07 billion. On average, research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 2,722.7% in the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after acquiring an additional 599 shares in the last quarter. NBC Securities Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $36,000. Finally, Garde Capital Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth about $37,000. Institutional investors own 5.53% of the company’s stock.

About Anheuser-Busch InBev SA/NV

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.