Hotchkis & Wiley Capital Management LLC Purchases 190,830 Shares of Anheuser-Busch InBev SA/NV $BUD

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Anheuser-Busch InBev by 7.3%, owning 2,790,240 shares valued at approximately $171.77 million as of the end of the most recent quarter.
• Institutional investors collectively own 5.53% of Anheuser-Busch InBev's stock, with multiple firms reporting significant increases in their holdings during the first quarter.
• Several analysts have upgraded Anheuser-Busch InBev's stock ratings, with Goldman Sachs raising its target price from $70.10 to $88.00, indicating a positive outlook for the company.

Hotchkis & Wiley Capital Management LLC increased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,790,240 shares of the consumer goods maker's stock after purchasing an additional 190,830 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.16% of Anheuser-Busch InBev SA/NV worth $171,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BUD. The Manufacturers Life Insurance Company grew its position in shares of Anheuser-Busch InBev SA/NV by 7.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker's stock worth $379,004,000 after buying an additional 505,206 shares during the period. Clarkston Capital Partners LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 0.3% during the 1st quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker's stock worth $92,235,000 after buying an additional 4,455 shares during the period. Northern Trust Corp grew its position in shares of Anheuser-Busch InBev SA/NV by 14.0% during the 1st quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker's stock worth $59,562,000 after buying an additional 118,775 shares during the period. Raymond James Financial Inc. grew its position in shares of Anheuser-Busch InBev SA/NV by 24.8% during the 1st quarter. Raymond James Financial Inc. now owns 929,927 shares of the consumer goods maker's stock worth $57,246,000 after buying an additional 184,749 shares during the period. Finally, Alberta Investment Management Corp grew its position in shares of Anheuser-Busch InBev SA/NV by 34.0% during the 1st quarter. Alberta Investment Management Corp now owns 763,800 shares of the consumer goods maker's stock worth $47,020,000 after buying an additional 193,800 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BUD shares. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Finally, Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Up 0.2%

Shares of BUD traded up $0.13 on Wednesday, hitting $62.86. The company's stock had a trading volume of 2,124,348 shares, compared to its average volume of 2,399,589. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The firm's fifty day moving average price is $65.86 and its 200-day moving average price is $64.41. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The firm has a market capitalization of $112.97 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.77 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.During the same period last year, the firm posted $0.90 earnings per share. Anheuser-Busch InBev SA/NV's revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

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.