Prime Capital Investment Advisors LLC Raises Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Prime Capital Investment Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,363 shares of the consumer goods maker’s stock after purchasing an additional 328 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at about $26,000. GPS Wealth Strategies Group LLC grew its holdings in shares of 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 worth $32,000 after acquiring an additional 185 shares during the period. Blue Trust Inc. increased its stake in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Addison Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the second quarter worth $35,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BUD. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley increased their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.2 %

Shares of NYSE BUD opened at $56.25 on Friday. The firm’s 50 day moving average price is $62.98 and its 200 day moving average price is $61.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The firm has a market cap of $101.09 billion, a P/E ratio of 17.36, a price-to-earnings-growth 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.

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.