Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 11.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 33,547 shares of the consumer goods maker’s stock after selling 4,196 shares during the quarter. Atria Investments Inc’s holdings in Anheuser-Busch InBev SA/NV were worth $2,224,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in BUD. GPS Wealth Strategies Group LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. raised its position in Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 378 shares during the period. Addison Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at $35,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at approximately $38,000. 5.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BUD shares. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their price target for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley boosted their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD opened at $56.36 on Friday. The stock has a market capitalization of $101.29 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company’s 50 day simple moving average is $63.26 and its 200 day simple moving average is $62.03. Anheuser-Busch InBev SA/NV has a 1 year low of $55.43 and a 1 year high of $67.49.

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.