Sanctuary Advisors LLC Sells 2,324 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sanctuary Advisors LLC lessened its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,359 shares of the consumer goods maker’s stock after selling 2,324 shares during the period. Sanctuary Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $5,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth about $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $27,000. Blue Trust Inc. increased its position in Anheuser-Busch InBev SA/NV by 225.0% during the 2nd 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 in the last quarter. Addison Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the second quarter worth $35,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Down 0.1 %

Shares of Anheuser-Busch InBev SA/NV stock opened at $53.43 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $52.30 and a twelve month high of $67.49. The company has a market cap of $96.02 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The company’s 50 day moving average is $58.70 and its 200 day moving average is $60.60.

Wall Street Analysts Forecast Growth

BUD has been the subject of several analyst reports. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price target for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Morgan Stanley lifted their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Company Profile

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.