GoalVest Advisory LLC Has $30,000 Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

GoalVest Advisory LLC lessened its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 51.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 500 shares of the consumer goods maker’s stock after selling 535 shares during the quarter. GoalVest Advisory LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $30,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $61,000. RMR Wealth Builders acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $248,000. CHICAGO TRUST Co NA increased its position in shares of Anheuser-Busch InBev SA/NV by 1.9% during the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock worth $643,000 after purchasing an additional 196 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $115,000. Finally, Ballentine Partners LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 8.0% during the 1st quarter. Ballentine Partners LLC now owns 6,002 shares of the consumer goods maker’s stock worth $365,000 after purchasing an additional 444 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BUD shares. TD Cowen lowered their price target on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $59.48 on Thursday. The business has a fifty day simple moving average of $61.83 and a 200 day simple moving average of $62.20. The company has a market capitalization of $106.90 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $67.49. 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 (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 the consensus estimate of $0.69 by $0.06. The business had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $14.43 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. Research analysts expect that Anheuser-Busch InBev SA/NV will post 3.42 EPS for the current year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently announced 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%. This is an increase 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%.

About Anheuser-Busch InBev SA/NV

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.