Atria Wealth Solutions Inc. Takes Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Atria Wealth Solutions Inc. acquired a new stake of 36,381 shares in Anheuser-Busch InBev SA/NV, valued at approximately $2,240,000 in the first quarter.
• Several institutional investors have significantly increased their holdings in Anheuser-Busch InBev, with Citadel Investment Advisory boosting its position by 883.9%.
• Anheuser-Busch InBev reported earnings of $0.98 per share, surpassing analysts' expectations, despite a 2.1% decline in year-over-year revenue.

Atria Wealth Solutions Inc. acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 36,381 shares of the consumer goods maker's stock, valued at approximately $2,240,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its stake in Anheuser-Busch InBev SA/NV by 2.3% in the first quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker's stock valued at $473,000 after acquiring an additional 174 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker's stock worth $1,046,000 after buying an additional 179 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 23.5% during the first quarter. Laurel Wealth Advisors LLC now owns 1,050 shares of the consumer goods maker's stock worth $65,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 27.0% during the first quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker's stock worth $71,000 after buying an additional 246 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of Anheuser-Busch InBev SA/NV by 6.0% during the first quarter. Rehmann Capital Advisory Group now owns 4,961 shares of the consumer goods maker's stock worth $305,000 after buying an additional 281 shares during the last quarter. 5.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BUD has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Finally, BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Trading Up 0.2%

Shares of Anheuser-Busch InBev SA/NV stock traded up $0.11 during trading on Wednesday, hitting $61.50. The company's stock had a trading volume of 798,815 shares, compared to its average volume of 2,417,989. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $72.13. The stock has a market cap of $110.52 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.87 and a beta of 0.79. The stock has a 50-day moving average price of $67.61 and a two-hundred day moving average price of $63.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.