Prospera Financial Services Inc Has $807,000 Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Prospera Financial Services Inc decreased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,169 shares of the consumer goods maker’s stock after selling 609 shares during the quarter. Prospera Financial Services Inc’s holdings in Anheuser-Busch InBev SA/NV were worth $807,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BUD. Ashton Thomas Securities LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at $26,000. GPS Wealth Strategies Group LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Blue Trust Inc. boosted its position in Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 378 shares in the last quarter. Addison Advisors LLC grew its stake 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 buying an additional 168 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth approximately $35,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 0.1 %

Shares of NYSE:BUD opened at $54.72 on Friday. The company has a 50 day moving average of $62.09 and a 200-day moving average of $61.82. Anheuser-Busch InBev SA/NV has a one year low of $54.51 and a one year high of $67.49. The stock has a market cap of $98.34 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Analysts Set New Price Targets

BUD has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a 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. Finally, Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.00.

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.