Assetmark Inc. Has $1.97 Million Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Assetmark Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 48.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,547 shares of the consumer goods maker’s stock after purchasing an additional 9,983 shares during the quarter. Assetmark Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,974,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BUD. The Manufacturers Life Insurance Company raised its stake in Anheuser-Busch InBev SA/NV by 11.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,367,287 shares of the consumer goods maker’s stock valued at $573,311,000 after purchasing an additional 1,077,724 shares during the last quarter. Armistice Capital LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $38,876,000. DAVENPORT & Co LLC raised its stake in Anheuser-Busch InBev SA/NV by 25.9% during the 4th quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock valued at $97,415,000 after purchasing an additional 309,977 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at $136,630,000. Finally, Causeway Capital Management LLC raised its stake in Anheuser-Busch InBev SA/NV by 48.3% during the 3rd quarter. Causeway Capital Management LLC now owns 304,020 shares of the consumer goods maker’s stock valued at $16,812,000 after purchasing an additional 99,006 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Up 0.6 %

Shares of Anheuser-Busch InBev SA/NV stock opened at $65.04 on Friday. The firm has a market capitalization of $112.99 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48. The company’s fifty day moving average price is $61.17 and its two-hundred day moving average price is $62.29. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. The business had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 3.42 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 6th will be issued a $0.8722 dividend. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Friday, May 3rd. This represents a dividend yield of 1.1%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is presently 27.31%.

Analyst Ratings Changes

Separately, TD Cowen lowered their price target on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.70.

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.