Anheuser Busch Inbev NV (BUD) Stake Decreased by Checchi Capital Advisers LLC

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Checchi Capital Advisers LLC lessened its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 8.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,678 shares of the consumer goods maker’s stock after selling 428 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Anheuser Busch Inbev were worth $393,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Investec Asset Management LTD raised its position in Anheuser Busch Inbev by 0.6% in the 1st quarter. Investec Asset Management LTD now owns 989,237 shares of the consumer goods maker’s stock valued at $83,066,000 after purchasing an additional 5,946 shares during the last quarter. Beck Mack & Oliver LLC raised its position in Anheuser Busch Inbev by 3.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 751,805 shares of the consumer goods maker’s stock valued at $49,476,000 after purchasing an additional 25,645 shares during the last quarter. Raymond James & Associates raised its position in Anheuser Busch Inbev by 48.5% in the 1st quarter. Raymond James & Associates now owns 571,543 shares of the consumer goods maker’s stock valued at $47,993,000 after purchasing an additional 186,635 shares during the last quarter. Clarkston Capital Partners LLC raised its position in Anheuser Busch Inbev by 4.7% in the 1st quarter. Clarkston Capital Partners LLC now owns 536,518 shares of the consumer goods maker’s stock valued at $45,051,000 after purchasing an additional 24,203 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Anheuser Busch Inbev by 70.7% in the 4th quarter. Deutsche Bank AG now owns 383,120 shares of the consumer goods maker’s stock valued at $25,211,000 after purchasing an additional 158,617 shares during the last quarter. Institutional investors and hedge funds own 4.27% of the company’s stock.

Shares of BUD opened at $82.30 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.53. The firm has a market capitalization of $137.15 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.83 and a beta of 1.17. Anheuser Busch Inbev NV has a 1 year low of $64.54 and a 1 year high of $106.86.

Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings data on Tuesday, May 7th. The consumer goods maker reported $1.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.27. The company had revenue of $12.59 billion for the quarter, compared to analysts’ expectations of $12.66 billion. Anheuser Busch Inbev had a net margin of 12.78% and a return on equity of 21.34%. Anheuser Busch Inbev’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. As a group, equities research analysts expect that Anheuser Busch Inbev NV will post 5.02 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 8th will be paid a $1.1152 dividend. This is a boost from Anheuser Busch Inbev’s previous semiannual dividend of $0.91. This represents a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, May 7th. Anheuser Busch Inbev’s payout ratio is currently 48.26%.

Several research firms recently commented on BUD. Societe Generale began coverage on shares of Anheuser Busch Inbev in a research report on Friday, February 1st. They issued a “hold” rating for the company. Royal Bank of Canada downgraded shares of Anheuser Busch Inbev from a “top pick” rating to a “sector perform” rating and set a $75.00 price target for the company. in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Bank of America upgraded shares of Anheuser Busch Inbev from an “underperform” rating to a “neutral” rating and set a $91.00 price target for the company in a research report on Friday, April 5th. Finally, Barclays began coverage on shares of Anheuser Busch Inbev in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $83.64 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $90.38.

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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. The company 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, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

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Institutional Ownership by Quarter for Anheuser Busch Inbev (NYSE:BUD)

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