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

Sanctuary Advisors LLC decreased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.7% during the third quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 37.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock valued at $3,836,000 after buying an additional 15,837 shares during the last quarter. Fisher Asset Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after acquiring an additional 587,329 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $1,865,000. Cerity Partners LLC lifted its stake in Anheuser-Busch InBev SA/NV by 61.9% in the 3rd quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock worth $4,048,000 after purchasing an additional 23,348 shares in the last quarter. Finally, Seafarer Capital Partners LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 11.2% during the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock valued at $70,201,000 after purchasing an additional 107,000 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BUD. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. TD Cowen cut 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 report 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 increased their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $53.43 on Monday. The firm has a market capitalization of $96.02 billion, a PE ratio of 16.49, a PEG ratio of 1.68 and a beta of 1.08. The stock’s fifty day moving average is $58.70 and its 200 day moving average is $60.60. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.30 and a fifty-two week high of $67.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

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.