B. Riley Wealth Advisors Inc. Reduces Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

B. Riley Wealth Advisors Inc. lessened its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,494 shares of the consumer goods maker’s stock after selling 271 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BUD. Fisher Asset Management LLC increased its stake in shares of 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 buying an additional 587,329 shares during the period. Holocene Advisors LP increased its position in Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after purchasing an additional 803,257 shares during the period. Douglass Winthrop Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 2.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock worth $85,294,000 after purchasing an additional 35,757 shares in the last quarter. Seafarer Capital Partners LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 11.2% in the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after purchasing an additional 107,000 shares during the period. Finally, Armistice Capital LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 19.5% during the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after purchasing an additional 137,000 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 3.2 %

Shares of NYSE:BUD opened at $50.11 on Thursday. 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 stock has a fifty day simple moving average of $57.91 and a two-hundred day simple moving average of $60.38. Anheuser-Busch InBev SA/NV has a 12-month low of $50.08 and a 12-month high of $67.49. The stock has a market capitalization of $90.06 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.68 and a beta of 1.08.

Analyst Ratings Changes

A number of research firms recently issued reports on BUD. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their price target for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Morgan Stanley raised their price objective on 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 research 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.