Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up to $59.06

Anheuser-Busch InBev SA/NV (NYSE:BUD) gapped up before the market opened on Monday . The stock had previously closed at $59.06, but opened at $60.61. Anheuser-Busch InBev SA/NV shares last traded at $60.79, with a volume of 138,903 shares.

Wall Street Analysts Forecast Growth

BUD has been the topic of several research analyst reports. TD Cowen cut their target price on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 5th. UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Anheuser-Busch InBev SA/NV Price Performance

The stock has a market capitalization of $108.12 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 1.38 and a beta of 1.12. The business’s 50 day simple moving average is $61.83 and its two-hundred day simple moving average is $62.20. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released 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 firm had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period last year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.42 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 6th were given a dividend of $0.8722 per share. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a dividend yield of 1.1%. The ex-dividend date was Friday, May 3rd. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 27.31%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. DAVENPORT & Co LLC lifted 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 valued at $97,415,000 after purchasing an additional 309,977 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 232.4% during the fourth 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 lifted its position in shares of Anheuser-Busch InBev SA/NV by 0.9% during the fourth 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. Simplicity Wealth LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at about $1,604,000. Finally, Perpetual Ltd lifted its position in shares of Anheuser-Busch InBev SA/NV by 13.7% during the first quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock valued at $7,736,000 after purchasing an additional 15,364 shares in the last quarter. 5.53% of the stock is owned by institutional investors.

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.