10,400 Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD) Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,400 shares of the consumer goods maker’s stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $26,000. Naples Money Management LLC acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $30,000. Russell Investments Group Ltd. boosted its holdings in Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock valued at $42,000 after acquiring an additional 346 shares during the last quarter. Janiczek Wealth Management LLC grew its position in Anheuser-Busch InBev SA/NV by 111.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 882 shares of the consumer goods maker’s stock valued at $57,000 after acquiring an additional 464 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $57,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Up 1.4 %

Shares of BUD traded up $0.83 during mid-day trading on Wednesday, reaching $59.84. 79,402 shares of the stock traded hands, compared to its average volume of 1,841,542. The stock has a fifty day simple moving average of $61.79 and a 200 day simple moving average of $61.91. Anheuser-Busch InBev SA/NV has a 12-month low of $51.66 and a 12-month high of $67.49. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The firm has a market cap of $107.54 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 1.64 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.55 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts expect 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 announced an annual dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 6th were given a $0.8722 dividend. This represents a dividend yield of 1.1%. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date was Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio is presently 27.31%.

Wall Street Analysts Forecast Growth

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

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.