Anheuser Busch Inbev NV (NYSE:BUD) declared a semiannual dividend on Wednesday, November 7th, Wall Street Journal reports. Stockholders of record on Wednesday, November 28th will be given a dividend of 0.9131 per share by the consumer goods maker on Friday, December 21st. This represents a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, November 27th.
Anheuser Busch Inbev has raised its dividend by an average of 8.0% annually over the last three years and has raised its dividend every year for the last 8 years. Anheuser Busch Inbev has a dividend payout ratio of 104.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Anheuser Busch Inbev to earn $4.88 per share next year, which means the company should continue to be able to cover its $4.78 annual dividend with an expected future payout ratio of 98.0%.
Shares of BUD stock traded up $0.72 during mid-day trading on Wednesday, hitting $76.64. The company’s stock had a trading volume of 1,032,793 shares, compared to its average volume of 1,986,265. Anheuser Busch Inbev has a 52-week low of $72.88 and a 52-week high of $118.59. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.67 and a quick ratio of 0.53. The stock has a market capitalization of $129.55 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.87 and a beta of 1.04.
Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Thursday, October 25th. The consumer goods maker reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). Anheuser Busch Inbev had a return on equity of 18.68% and a net margin of 12.64%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.74 billion. As a group, analysts anticipate that Anheuser Busch Inbev will post 4.08 earnings per share for the current year.
Several research firms have recently weighed in on BUD. Societe Generale upgraded Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Guggenheim began coverage on Anheuser Busch Inbev in a research note on Thursday, September 13th. They issued a “buy” rating and a $107.00 price target for the company. Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Macquarie set a $92.00 price target on Anheuser Busch Inbev and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Finally, Royal Bank of Canada upgraded Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 price target for the company in a research note on Monday, October 29th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $113.26.
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About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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