Old North State Wealth Management LLC Has $274,000 Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Old North State Wealth Management LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 33.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,465 shares of the consumer goods maker’s stock after buying an additional 1,355 shares during the period. Old North State Wealth Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $274,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BUD. GAMMA Investing LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 32.9% in the third quarter. GAMMA Investing LLC now owns 1,530 shares of the consumer goods maker’s stock worth $101,000 after acquiring an additional 379 shares during the last quarter. Mather Group LLC. increased its position in Anheuser-Busch InBev SA/NV by 96.6% during the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock worth $43,000 after purchasing an additional 316 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 34.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 14,422 shares of the consumer goods maker’s stock valued at $956,000 after purchasing an additional 3,717 shares during the last quarter. SL Advisors LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $155,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $66,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Trading Up 0.1 %

NYSE BUD opened at $48.72 on Wednesday. The firm has a market capitalization of $87.55 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. The business’s 50-day moving average price is $50.36 and its two-hundred day moving average price is $57.73. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BUD. TD Cowen dropped their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $64.00.

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.