5 Stocks in Focus as Alcohol Industry Faces Inflation Wrath
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Why Anheuser-Busch Inbev (BUD) is a Top Value Stock for the Long-Term
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Supreme Court Justice Alito sold Bud Light stock, then bought Coors, during boycott
Samuel Alito sold AB InBev stock and bought Molson Coors on the same day, according to a financial transaction report for the Supreme Court justice.
Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Meridian Wealth Management LLC
Meridian Wealth Management LLC trimmed its position in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,652 shares of the consumer goods maker’s stock after selling 362 shares during the period. Meridian Wealth Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $301,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 25.9% in 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 acquiring an additional 309,977 shares during the period. SG Americas Securities LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 232.4% during the 4th quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock worth $1,619,000 after acquiring an additional 17,516 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Anheuser-Busch InBev SA/NV by 11.8% in the 4th quarter. Allworth Financial LP now owns 3,538 shares of the consumer goods maker’s stock worth $229,000 after acquiring an additional 373 shares during the period. QRG Capital Management Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at approximately $1,449,000. Finally, Savoir Faire Capital Management L.P. acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter worth $4,790,000. 5.53% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Separately, TD Cowen lowered their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.70. Read Our Latest Research Report on Anheuser-Busch InBev SA/NV Anheuser-Busch InBev SA/NV Trading Up 1.4 % Anheuser-Busch InBev SA/NV stock opened at $67.42 on Monday. The stock has a market cap of $117.12 billion, a PE ratio of 28.33, a P/E/G ratio of 1.99 and a beta of 1.11. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $60.87 and a 200 day moving average price of $62.08. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49. Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last released its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period in the previous year, the company earned $0.65 EPS. Anheuser-Busch InBev SA/NV’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year. Anheuser-Busch InBev SA/NV Increases Dividend The business also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.8722 per share. The ex-dividend date is Friday, May 3rd. This represents a dividend yield of 1.1%. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. Anheuser-Busch InBev SA/NV’s dividend payout ratio is currently 27.31%. Anheuser-Busch InBev SA/NV Company Profile (Free Report) 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.
