Oppenheimer Asset Management Inc. Has $2.79 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Oppenheimer Asset Management Inc. cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7.9% during the 1st quarter, HoldingsChannel reports. The fund owned 45,893 shares of the consumer goods maker’s stock after selling 3,921 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,789,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BUD. B. Riley Wealth Advisors Inc. grew its stake in Anheuser-Busch InBev SA/NV by 4.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 9,159 shares of the consumer goods maker’s stock worth $506,000 after buying an additional 365 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $26,000. Ayrshire Capital Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 3.9% during the fourth quarter. Ayrshire Capital Management LLC now owns 58,912 shares of the consumer goods maker’s stock worth $3,807,000 after buying an additional 2,236 shares in the last quarter. Pflug Koory LLC grew its stake in Anheuser-Busch InBev SA/NV by 14.0% during the fourth quarter. Pflug Koory LLC now owns 1,621 shares of the consumer goods maker’s stock worth $105,000 after buying an additional 199 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $307,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BUD. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Morgan Stanley reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average price target of $72.13.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock traded up $0.25 on Friday, reaching $61.50. The company had a trading volume of 944,309 shares, compared to its average volume of 1,280,602. The stock has a market capitalization of $110.53 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $67.49. The business’s 50-day moving average is $61.87 and its 200 day moving average is $61.88.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $14.55 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.36 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 6th were issued a $0.8722 dividend. This represents a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 3rd. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 27.31%.

Anheuser-Busch InBev SA/NV Company Profile

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.