Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,155 shares of the consumer goods maker’s stock after selling 1,763 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,993,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Addison Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after acquiring an additional 168 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 15.1% in the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock valued at $80,000 after acquiring an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in Anheuser-Busch InBev SA/NV by 1.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock valued at $624,000 after acquiring an additional 186 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Anheuser-Busch InBev SA/NV by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock valued at $67,000 after acquiring an additional 197 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $56.25 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The firm has a 50-day moving average of $63.11 and a two-hundred day moving average of $61.99. The stock has a market cap of $101.09 billion, a P/E ratio of 17.36, a PEG ratio of 1.79 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 1-year low of $55.43 and a 1-year high of $67.49.

Analyst Ratings Changes

BUD has been the subject of several analyst reports. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley boosted 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 note on Tuesday, September 10th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price objective for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV 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.