D.A. Davidson & CO. Has $3.08 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Posted by Defense World Staff on Apr 26th, 2023

D.A. Davidson & CO. increased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,224 shares of the consumer goods maker’s stock after purchasing an additional 1,562 shares during the period. D.A. Davidson & CO.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,076,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Resources Investment Advisors LLC. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $405,000. AE Wealth Management LLC raised its holdings in Anheuser-Busch InBev SA/NV by 11.3% during the third quarter. AE Wealth Management LLC now owns 6,993 shares of the consumer goods maker’s stock worth $316,000 after acquiring an additional 712 shares in the last quarter. CAPROCK Group Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 12.1% during the fourth quarter. CAPROCK Group Inc. now owns 9,815 shares of the consumer goods maker’s stock worth $589,000 after acquiring an additional 1,057 shares in the last quarter. Signaturefd LLC raised its holdings in Anheuser-Busch InBev SA/NV by 22.9% during the fourth quarter. Signaturefd LLC now owns 10,708 shares of the consumer goods maker’s stock worth $643,000 after acquiring an additional 1,996 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $209,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BUD has been the topic of several research analyst reports. StockNews.com upgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group downgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “sell” rating in a research report on Thursday, January 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.70.

Anheuser-Busch InBev SA/NV Trading Down 0.0 %

Shares of BUD stock opened at $65.65 on Wednesday. The stock’s fifty day moving average price is $62.55 and its two-hundred day moving average price is $58.50. The company has a market cap of $114.03 billion, a PE ratio of 22.18, a P/E/G ratio of 1.90 and a beta of 1.24. Anheuser-Busch InBev SA/NV has a fifty-two week low of $44.51 and a fifty-two week high of $67.09. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.67.

Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last issued its earnings results on Thursday, March 2nd. The consumer goods maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.26. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $15.19 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.46% and a net margin of 10.33%. Equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.24 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 4th will be issued a $0.611 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Wednesday, May 3rd. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.41. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is currently 13.51%.

Anheuser-Busch InBev SA/NV Company Profile

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Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies.