Cornerstone Wealth Management LLC Takes $220,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cornerstone Wealth Management LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,577 shares of the consumer goods maker’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. QRG Capital Management Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 43.6% during the first quarter. QRG Capital Management Inc. now owns 87,019 shares of the consumer goods maker’s stock valued at $5,357,000 after buying an additional 26,411 shares during the period. Sagespring Wealth Partners LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth approximately $301,000. Citadel Investment Advisory Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 883.9% in the first quarter. Citadel Investment Advisory Inc. now owns 22,207 shares of the consumer goods maker’s stock worth $1,367,000 after purchasing an additional 19,950 shares during the last quarter. Fairvoy Private Wealth LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter worth approximately $216,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 1.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,879 shares of the consumer goods maker’s stock worth $2,209,000 after purchasing an additional 360 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Sunday, May 18th. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Thursday, March 27th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $71.50.

Read Our Latest Research Report on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV Stock Up 0.3%

Shares of BUD opened at $71.18 on Friday. The firm has a market cap of $127.93 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.09 and a beta of 0.85. The stock has a 50 day simple moving average of $68.08 and a two-hundred day simple moving average of $59.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.70 and a quick ratio of 0.54. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last issued its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.09% and a net margin of 11.74%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. On average, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were paid a $1.0492 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a yield of 1.2%. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. Anheuser-Busch InBev SA/NV’s dividend payout ratio is currently 24.64%.

About Anheuser-Busch InBev SA/NV

(Free Report)

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.

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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