Richardson Financial Services Inc. Invests $637,000 in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Richardson Financial Services Inc. acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,863 shares of the consumer goods maker’s stock, valued at approximately $637,000.

Other institutional investors have also recently bought and sold shares of the company. DAVENPORT & Co LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 25.9% during the fourth quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock worth $97,415,000 after buying an additional 309,977 shares during the period. SG Americas Securities LLC boosted its holdings 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 purchasing an additional 17,516 shares in the last quarter. Capital International Investors boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 0.9% in the 4th quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock valued at $137,447,000 after purchasing an additional 18,280 shares in the last quarter. Allworth Financial LP lifted 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 last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $1,449,000. Institutional investors own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TD Cowen lowered their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Anheuser-Busch InBev SA/NV Stock Down 1.6 %

Shares of BUD traded down $0.96 during trading hours on Friday, hitting $59.49. The stock had a trading volume of 1,591,079 shares, compared to its average volume of 1,149,910. The firm has a market capitalization of $103.35 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49. The firm has a 50 day simple moving average of $61.76 and a 200-day simple moving average of $62.37.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.42 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 6th were given a $0.8722 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a yield of 1.1%. Anheuser-Busch InBev SA/NV’s 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.