Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC increased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 14.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,148 shares of the consumer goods maker’s stock after purchasing an additional 660 shares during the period. Gallacher Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BUD. DAVENPORT & Co LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 36.8% in the 1st quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock worth $125,389,000 after acquiring an additional 555,362 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $136,630,000. Seafarer Capital Partners LLC increased its stake in Anheuser-Busch InBev SA/NV by 20.2% during the first quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock valued at $57,863,000 after purchasing an additional 160,000 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of Anheuser-Busch InBev SA/NV by 52.7% during the fourth quarter. Brandes Investment Partners LP now owns 301,882 shares of the consumer goods maker’s stock worth $19,508,000 after purchasing an additional 104,209 shares during the period. Finally, Savoir Faire Capital Management L.P. bought a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $4,790,000. 5.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD traded up $0.38 during trading hours on Friday, hitting $61.63. The stock had a trading volume of 466,580 shares, compared to its average volume of 1,833,679. The stock’s fifty day simple moving average is $61.83 and its 200 day simple moving average is $61.90. The firm has a market capitalization of $110.76 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year 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 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The firm had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same period last year, the firm earned $0.65 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.36 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 6th were given a dividend of $0.8722 per share. This represents a dividend yield of 1.1%. The ex-dividend date was 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 dividend payout ratio is 27.31%.

Anheuser-Busch InBev SA/NV 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.