Prospera Financial Services Inc Grows Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Prospera Financial Services Inc lifted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) by 32.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,024 shares of the consumer goods maker’s stock after purchasing an additional 2,224 shares during the quarter. Prospera Financial Services Inc’s holdings in Anheuser-Busch InBev SA/NV were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BUD. Cordasco Financial Network acquired a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $25,000. Ronald Blue Trust Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $25,000. Wagner Wealth Management LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $33,000. Leelyn Smith LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $35,000. Finally, Hexagon Capital Partners LLC lifted its stake in Anheuser-Busch InBev SA/NV by 64.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 895 shares of the consumer goods maker’s stock worth $40,000 after acquiring an additional 351 shares in the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BUD shares. Jefferies Financial Group lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and decreased their target price for the stock from $68.00 to $54.00 in a research note on Monday, September 26th. Barclays decreased their target price on Anheuser-Busch InBev SA/NV from €78.00 ($83.87) to €74.00 ($79.57) and set an “overweight” rating on the stock in a research note on Monday, October 10th. Credit Suisse Group lowered Anheuser-Busch InBev SA/NV from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 15th. Royal Bank of Canada increased their price target on Anheuser-Busch InBev SA/NV from €64.00 ($68.82) to €70.00 ($75.27) in a research report on Wednesday, October 5th. Finally, Morgan Stanley reduced their price target on Anheuser-Busch InBev SA/NV from €54.00 ($58.06) to €52.00 ($55.91) and set an “equal weight” rating on the stock in a research report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.70.

Anheuser-Busch InBev SA/NV Trading Up 2.4 %

BUD opened at $61.88 on Thursday. Anheuser-Busch InBev SA/NV has a one year low of $44.51 and a one year high of $67.91. The company has a market cap of $122.52 billion, a P/E ratio of 24.46, a PEG ratio of 2.12 and a beta of 1.23. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.47 and a current ratio of 0.67. The business’s 50-day simple moving average is $58.07 and its 200-day simple moving average is $53.28.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) last released its quarterly earnings data on Thursday, October 27th. The consumer goods maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. Anheuser-Busch InBev SA/NV had a return on equity of 15.51% and a net margin of 8.88%. The business had revenue of $15.09 billion for the quarter, compared to the consensus estimate of $15.12 billion. As a group, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.05 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Company Profile

(Get Rating)

Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.

See Also

Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating).

Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Receive News & Ratings for Anheuser-Busch InBev SA/NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser-Busch InBev SA/NV and related companies with MarketBeat.com's FREE daily email newsletter.