Atria Investments Inc Sells 4,196 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Atria Investments Inc cut its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 11.1% in the 3rd quarter, HoldingsChannel.com reports. The firm 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 SEC filing.

Several other large investors have also bought and sold shares of the stock. Addison Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the period. Westside Investment Management Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 15.1% during the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock valued at $80,000 after purchasing an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after acquiring an additional 185 shares during the last quarter. Lake Street Advisors Group LLC grew its position in Anheuser-Busch InBev SA/NV by 1.8% during the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock worth $624,000 after acquiring an additional 186 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 20.6% during the second quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock worth $67,000 after purchasing an additional 197 shares during the period. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $56.36 on Friday. 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 business has a 50 day simple moving average of $63.26 and a two-hundred day simple moving average of $62.03. Anheuser-Busch InBev SA/NV has a 12 month low of $55.43 and a 12 month high of $67.49. The stock has a market capitalization of $101.29 billion, a P/E ratio of 17.23, a PEG ratio of 1.80 and a beta of 1.12.

Wall Street Analysts Forecast Growth

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

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.