Huber Capital Management LLC Has $1.62 Million Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Huber Capital Management LLC decreased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 19.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,900 shares of the consumer goods maker’s stock after selling 6,600 shares during the period. Huber Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,622,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. GPS Wealth Strategies Group LLC boosted its holdings 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 period. Blue Trust Inc. increased its stake in Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after acquiring an additional 378 shares during the period. Addison Advisors LLC raised its holdings 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 valued at $34,000 after acquiring an additional 168 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $35,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $38,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Down 1.0 %

NYSE BUD opened at $63.14 on Friday. The stock’s 50 day simple moving average is $61.65 and its 200 day simple moving average is $61.27. 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 cap of $113.48 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The company had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BUD. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Morgan Stanley increased their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

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.