Dodge & Cox 13F: Cuts Anheuser-Busch InBev (BUD) Stake by $288M
Dodge & Cox reduced its Anheuser-Busch InBev holdings by over 3 million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Dodge & Cox sold 3,429,695 shares from its stake in Anheuser-Busch InBev SA ($BUD), a 10.36% decrease, according to a 13F filing with the SEC dated May 14, 2026. It reported 29,683,736 shares worth $2.49 billion at the end of the quarter.
Since the filing, $BUD is up 3.2% after 1 week, up 0.9% after 1 month and up 2.3% to date (from the $80.74 close on May 14, 2026).
BUD
Anheuser-Busch InBev SA
Key Points
- Dodge & Cox cut its stake in Anheuser-Busch InBev by 3,429,695 shares, now holding 29,683,736 shares worth $2.44 billion.
- Anheuser-Busch InBev has a market cap of $159.17 billion and a P/E ratio of 22.79, with shares trading near $82.27.
- Anheuser-Busch InBev pays a dividend yield of 1.64% and will report its next earnings on July 30, 2026.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Anheuser-Busch InBev SA alert may contain errors. Disclosures
Dodge & Cox has reduced its holdings in Anheuser-Busch InBev SA/NV, cutting its position by 3,429,695 shares. As of its latest SEC filing, the fund now holds 29,683,736 shares valued at approximately $2.44 billion. This move reflects a 10.36% decrease in its stake from the previous count of 33,113,431 shares.
What Changed in Dodge & Cox's Anheuser-Busch InBev Position
Dodge & Cox trimmed its Anheuser-Busch InBev holdings by over 3.4 million shares, bringing its total to nearly 29.7 million shares. This reduction represents a 10.36% decrease from its previous position. The value of its current holdings stands at about $2.44 billion.
Anheuser-Busch InBev SA Stock Up 5.5%
Shares of Anheuser-Busch InBev traded near $82.27 recently. The company boasts a market capitalization of $159.17 billion and a P/E ratio of 22.79, indicating the price investors are willing to pay for each dollar of earnings. The stock's 52-week range has been between $56.97 and $84.46, with a beta of 0.791, suggesting lower volatility compared to the broader market. Its 50-day moving average is $81.26.
Dividend
Anheuser-Busch InBev offers a dividend yield of 1.64%. Investors looking for income can note this yield, though the company has not specified an upcoming ex-dividend date.
About Anheuser-Busch InBev
Anheuser-Busch InBev SA/NV is a global beverage and brewing company headquartered in Leuven, Belgium. It operates through various segments, including North America, South America, and Asia Pacific. The company produces and sells a wide range of beer brands such as Budweiser, Corona, and Stella Artois, among others. In addition to beer, it offers flavored malt beverages, soft drinks, and energy drinks. Anheuser-Busch InBev employs around 137,000 people and is led by CEO Michel Dimitrios Doukeris.
Bottom Line
Dodge & Cox's recent reduction in its stake in Anheuser-Busch InBev is part of its portfolio adjustments as reported in its latest 13F filing. While the filing offers a backward-looking view, it provides insight into the fund's strategic moves. Investors often watch such filings to gauge institutional sentiment toward a company's stock.
Related Filing Alerts
Source: Dodge & Cox's 13F filing on $BUD (May 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Dodge & Cox 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts