Rockefeller Capital Management L.P. Increases Position in Anheuser Busch Inbev NV (NYSE:BUD)
Rockefeller Capital Management L.P. grew its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 683.5% in the first quarter, Holdings Channel reports. The institutional investor owned 3,134 shares of the consumer goods maker’s stock after acquiring an additional 2,734 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Anheuser Busch Inbev were worth $263,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in BUD. Carroll Financial Associates Inc. lifted its holdings in shares of Anheuser Busch Inbev by 10.9% in the first quarter. Carroll Financial Associates Inc. now owns 1,157 shares of the consumer goods maker’s stock valued at $97,000 after purchasing an additional 114 shares in the last quarter. National Asset Management Inc. lifted its position in Anheuser Busch Inbev by 3.7% in the 1st quarter. National Asset Management Inc. now owns 3,523 shares of the consumer goods maker’s stock valued at $297,000 after purchasing an additional 126 shares during the last quarter. Red Cedar Capital LLC lifted its position in Anheuser Busch Inbev by 0.4% in the 1st quarter. Red Cedar Capital LLC now owns 31,981 shares of the consumer goods maker’s stock valued at $2,685,000 after purchasing an additional 127 shares during the last quarter. Weik Capital Management lifted its position in Anheuser Busch Inbev by 1.1% in the 1st quarter. Weik Capital Management now owns 11,915 shares of the consumer goods maker’s stock valued at $1,001,000 after purchasing an additional 130 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Anheuser Busch Inbev by 1.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 16,747 shares of the consumer goods maker’s stock valued at $1,406,000 after buying an additional 159 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.
NYSE BUD traded up $0.92 during trading hours on Wednesday, reaching $86.73. 8,950 shares of the company’s stock were exchanged, compared to its average volume of 1,352,048. The stock has a market cap of $147.13 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.96 and a beta of 1.15. Anheuser Busch Inbev NV has a one year low of $64.54 and a one year high of $106.86. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.53.
The company also recently announced a semiannual dividend, which was paid on Thursday, June 6th. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.1152 per share. The ex-dividend date was Tuesday, May 7th. This represents a dividend yield of 2.55%. This is an increase from Anheuser Busch Inbev’s previous semiannual dividend of $0.91. Anheuser Busch Inbev’s dividend payout ratio (DPR) is currently 48.55%.
Several research firms have recently weighed in on BUD. Macquarie lifted their target price on shares of Anheuser Busch Inbev from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada cut shares of Anheuser Busch Inbev from a “top pick” rating to a “sector perform” rating and set a $75.00 target price for the company. in a research note on Thursday, March 7th. Barclays began coverage on shares of Anheuser Busch Inbev in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $83.64 price objective for the company. Bank of America raised shares of Anheuser Busch Inbev from an “underperform” rating to a “neutral” rating and set a $91.00 target price on the stock in a research report on Friday, April 5th. Finally, Zacks Investment Research raised shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $83.77.
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Anheuser Busch Inbev Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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