Atomi Financial Group Inc. Sells 6,323 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Atomi Financial Group Inc. decreased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,099 shares of the consumer goods maker's stock after selling 6,323 shares during the quarter. Atomi Financial Group Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $406,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth $27,000. First Personal Financial Services raised its holdings in shares of Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock valued at $40,000 after purchasing an additional 205 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 96.6% in the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker's stock valued at $43,000 after purchasing an additional 316 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 120.6% in the third quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker's stock worth $51,000 after purchasing an additional 422 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Evercore ISI raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Monday, September 30th. Barclays upgraded Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Wednesday, October 9th. TD Cowen lowered their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD traded up $0.67 during midday trading on Friday, reaching $48.88. The company's stock had a trading volume of 1,438,691 shares, compared to its average volume of 2,129,260. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $51.09 and a 200 day simple moving average of $58.24. The stock has a market cap of $87.84 billion, a P/E ratio of 15.09, a PEG ratio of 1.55 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month 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.