Prosperity Consulting Group LLC Sells 5,731 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Prosperity Consulting Group LLC decreased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,311 shares of the consumer goods maker's stock after selling 5,731 shares during the quarter. Prosperity Consulting Group LLC's holdings in Anheuser-Busch InBev SA/NV were worth $616,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BUD. Anchor Investment Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker's stock worth $51,000 after purchasing an additional 422 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $138,000. Tidal Investments LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 4.8% in the 3rd quarter. Tidal Investments LLC now owns 18,654 shares of the consumer goods maker's stock worth $1,237,000 after purchasing an additional 852 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Anheuser-Busch InBev SA/NV by 27.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 13,150 shares of the consumer goods maker's stock worth $658,000 after purchasing an additional 2,850 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in Anheuser-Busch InBev SA/NV by 27.7% during the 4th quarter. First Hawaiian Bank now owns 50,092 shares of the consumer goods maker's stock worth $2,508,000 after buying an additional 10,870 shares in the last quarter. Institutional investors own 5.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BUD shares. Argus raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Thursday, March 27th. StockNews.com upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Thursday. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, TD Cowen dropped their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and an average price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $65.02 on Monday. The firm has a fifty day moving average of $61.53 and a two-hundred day moving average of $56.56. The stock has a market capitalization of $116.85 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.73 and a beta of 0.80. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $67.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The company had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. As a group, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

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.

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