Atlantic Union Bankshares Corp Boosts Position in Anheuser-Busch InBev SA/NV $BUD

Atlantic Union Bankshares Corp raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 33,184.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,311 shares of the consumer goods maker’s stock after purchasing an additional 15,265 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 52.9% during the first quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock valued at $556,000 after purchasing an additional 3,127 shares during the last quarter. NewEdge Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 7.8% during the first quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock valued at $546,000 after buying an additional 642 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after acquiring an additional 265,783 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 15.7% in the second quarter. Janney Montgomery Scott LLC now owns 16,888 shares of the consumer goods maker’s stock worth $1,161,000 after acquiring an additional 2,291 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at $104,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Trading Up 1.3%

Shares of BUD stock opened at $74.50 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The company has a market cap of $145.47 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.54 and a beta of 0.55. Anheuser-Busch InBev SA/NV has a 1 year low of $48.58 and a 1 year high of $75.15. The firm has a fifty day moving average price of $65.72 and a 200-day moving average price of $63.02.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BUD. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, January 27th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, January 9th. Kepler Capital Markets lowered Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.67.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.