Callan Capital LLC Makes New $239,000 Investment in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Callan Capital LLC bought a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the fourth quarter, Holdings Channel reports. The fund bought 3,695 shares of the consumer goods maker’s stock, valued at approximately $239,000.

A number of other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 25.9% in 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 acquiring an additional 309,977 shares during the period. SG Americas Securities LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 232.4% in the 4th quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock valued at $1,619,000 after acquiring an additional 17,516 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at approximately $1,449,000. Allworth Financial LP raised its stake in shares of Anheuser-Busch InBev SA/NV by 11.8% in the 4th quarter. Allworth Financial LP now owns 3,538 shares of the consumer goods maker’s stock valued at $229,000 after acquiring an additional 373 shares during the period. Finally, Savoir Faire Capital Management L.P. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $4,790,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BNP Paribas cut shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Jefferies Financial Group upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $76.00 in a report on Wednesday, January 10th. Finally, TD Cowen dropped their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and an average price target of $71.70.

Anheuser-Busch InBev SA/NV Stock Up 0.1 %

NYSE BUD traded up $0.07 on Friday, hitting $60.01. 1,159,616 shares of the stock were exchanged, compared to its average volume of 2,053,958. 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 fifty-two week low of $51.66 and a fifty-two week high of $66.32. The company has a market cap of $104.24 billion, a PE ratio of 22.64, a PEG ratio of 1.82 and a beta of 1.13. The company has a 50-day moving average price of $60.65 and a 200-day moving average price of $61.05.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. The company had revenue of $14.47 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 6th will be given a dividend of $0.8722 per share. This represents a dividend yield of 1.1%. The ex-dividend date is Friday, May 3rd. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. Anheuser-Busch InBev SA/NV’s payout ratio is currently 23.02%.

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.