Golden State Wealth Management LLC Buys 2,046 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Golden State Wealth Management LLC boosted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 104.1% in the first quarter, HoldingsChannel reports. The firm owned 4,012 shares of the consumer goods maker’s stock after acquiring an additional 2,046 shares during the period. Golden State Wealth Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 66.0% in the first quarter. Bessemer Group Inc. now owns 1,336 shares of the consumer goods maker’s stock worth $83,000 after acquiring an additional 531 shares in the last quarter. Penn Davis Mcfarland Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 0.7% in the first quarter. Penn Davis Mcfarland Inc. now owns 470,711 shares of the consumer goods maker’s stock worth $28,977,000 after acquiring an additional 3,192 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth about $230,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 25.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 56,492 shares of the consumer goods maker’s stock worth $3,478,000 after acquiring an additional 11,611 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,213 shares of the consumer goods maker’s stock worth $2,537,000 after acquiring an additional 2,322 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.9%

Shares of Anheuser-Busch InBev SA/NV stock opened at $68.48 on Friday. The business’s 50 day simple moving average is $68.58 and its 200 day simple moving average is $59.79. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The firm has a market cap of $123.08 billion, a PE ratio of 19.85, a P/E/G ratio of 2.04 and a beta of 0.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 0.70.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm posted $0.75 EPS. On average, analysts predict 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 business also recently declared an annual dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 7th were paid a $1.0492 dividend. This represents a yield of 1.2%. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.87. The ex-dividend date was Wednesday, May 7th. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is currently 24.64%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BUD shares. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. Argus upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Thursday, March 27th. Berenberg Bank began coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a “buy” rating for the company. Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Sunday, May 18th. Finally, The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and lifted their target price for the company from $70.10 to $88.00 in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Buy” and an average target price of $71.50.

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.