Heron Bay Capital Management Has $4.77 Million Stake in Anheuser-Busch InBev SA/NV $BUD

Heron Bay Capital Management trimmed its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 24.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,442 shares of the consumer goods maker’s stock after selling 22,457 shares during the period. Heron Bay Capital Management’s holdings in Anheuser-Busch InBev SA/NV were worth $4,772,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BUD. Dodge & Cox grew its holdings in shares of Anheuser-Busch InBev SA/NV by 2.8% during the first quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker’s stock valued at $2,531,109,000 after buying an additional 1,119,308 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 7.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker’s stock worth $171,767,000 after acquiring an additional 190,830 shares during the period. Clarkston Capital Partners LLC grew its stake in Anheuser-Busch InBev SA/NV by 0.3% during the 1st quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker’s stock valued at $92,235,000 after acquiring an additional 4,455 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Anheuser-Busch InBev SA/NV by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after acquiring an additional 265,783 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Anheuser-Busch InBev SA/NV by 14.0% in the 1st quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker’s stock valued at $59,562,000 after purchasing an additional 118,775 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BUD shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 31st. Wells Fargo & Company started coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday. They set an “overweight” rating and a $75.00 target price for the company. Kepler Capital Markets downgraded shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, October 30th. Finally, Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold 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 $72.00.

Anheuser-Busch InBev SA/NV Stock Up 2.8%

BUD stock opened at $62.46 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The company has a fifty day simple moving average of $60.85 and a 200 day simple moving average of $64.36. The firm has a market cap of $121.96 billion, a PE ratio of 17.54, a PEG ratio of 1.75 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. During the same quarter in the prior year, the business earned $0.98 EPS. Anheuser-Busch InBev SA/NV’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a $0.1722 dividend. The ex-dividend date is Wednesday, November 19th. This represents a yield of 57.0%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is presently 7.84%.

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.