Hotchkis & Wiley Capital Management LLC Decreases Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Hotchkis & Wiley Capital Management LLC lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,029,000 shares of the consumer goods maker’s stock after selling 20,200 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.11% of Anheuser-Busch InBev SA/NV worth $134,502,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Addison Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 39.7% in the 2nd 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 period. Westside Investment Management Inc. grew its position in Anheuser-Busch InBev SA/NV by 15.1% in the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock valued at $80,000 after buying an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in 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 valued at $32,000 after purchasing an additional 185 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock worth $67,000 after buying an additional 197 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 9.0% during the third quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker’s stock valued at $157,000 after buying an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BUD has been the topic of a number of analyst reports. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley lifted 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 note on Tuesday, September 10th. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $54.14 on Tuesday. The firm has a 50-day moving average of $61.12 and a two-hundred day moving average of $61.44. The company has a market capitalization of $97.30 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.73 and a beta of 1.12. 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 twelve month low of $53.16 and a twelve month 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.