Anheuser-Busch InBev SA/NV (NYSE:BUD) Increases Dividend to $0.87 Per Share

Anheuser-Busch InBev SA/NV (NYSE:BUD) declared an annual dividend on Wednesday, April 17th, Wall Street Journal reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.8722 per share by the consumer goods maker on Friday, June 7th. This represents a yield of 1.1%. The ex-dividend date is Friday, May 3rd. This is a boost from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61.

Anheuser-Busch InBev SA/NV has raised its dividend payment by an average of 13.2% per year over the last three years and has raised its dividend every year for the last 1 years.

Anheuser-Busch InBev SA/NV Trading Up 0.4 %

BUD traded up $0.22 during midday trading on Wednesday, reaching $57.36. 1,293,756 shares of the company’s stock traded hands, compared to its average volume of 2,090,283. The firm has a fifty day moving average of $61.41 and a two-hundred day moving average of $60.81. The stock has a market capitalization of $99.65 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.75 and a beta of 1.13. 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 52 week low of $51.66 and a 52 week high of $66.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The firm had revenue of $14.47 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SageView Advisory Group LLC lifted its position in Anheuser-Busch InBev SA/NV by 15.8% during the fourth quarter. SageView Advisory Group LLC now owns 23,405 shares of the consumer goods maker’s stock valued at $1,461,000 after purchasing an additional 3,202 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Anheuser-Busch InBev SA/NV by 7.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,925 shares of the consumer goods maker’s stock valued at $835,000 after purchasing an additional 862 shares in the last quarter. Main Street Group LTD purchased a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $37,000. Moneta Group Investment Advisors LLC purchased a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $206,000. Finally, Weiss Multi Strategy Advisers LLC purchased a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $9,386,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BUD shares. BNP Paribas lowered Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. Finally, TD Cowen reduced 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.70.

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.