Hotchkis & Wiley Capital Management LLC Reduces Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Hotchkis & Wiley Capital Management LLC decreased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 approximately 0.11% of Anheuser-Busch InBev SA/NV worth $134,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BUD. Ashton Thomas Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at approximately $26,000. GPS Wealth Strategies Group LLC raised its position in Anheuser-Busch InBev SA/NV by 50.7% in the second 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 period. Blue Trust Inc. lifted its stake in shares of 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 during the last quarter. Addison Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 39.7% during the 2nd 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 in the 2nd quarter valued at about $35,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Anheuser-Busch InBev SA/NV Stock Down 0.5 %

Shares of BUD stock traded down $0.27 during trading hours on Tuesday, reaching $53.87. 2,503,424 shares of the stock were exchanged, compared to its average volume of 1,655,943. Anheuser-Busch InBev SA/NV has a 12-month low of $53.16 and a 12-month high of $67.49. The business's fifty day moving average is $61.12 and its two-hundred day moving average is $61.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The firm has a market capitalization of $96.82 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.73 and a beta of 1.08.

Anheuser-Busch InBev SA/NV Company Profile

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.