Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 1-Year Low – Here’s What Happened

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares hit a new 52-week low on Wednesday . The company traded as low as $56.83 and last traded at $56.98, with a volume of 54403 shares changing hands. The stock had previously closed at $58.83.

Analyst Ratings Changes

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

Anheuser-Busch InBev SA/NV Stock Performance

The company has a market cap of $102.92 billion, a PE ratio of 18.16, a PEG ratio of 1.63 and a beta of 1.12. The stock has a 50 day simple moving average of $63.83 and a two-hundred day simple moving average of $62.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Institutional Trading of Anheuser-Busch InBev SA/NV

Institutional investors and hedge funds have recently bought and sold shares of the business. Addison Advisors LLC grew its position in 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. Westside Investment Management Inc. increased 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 acquiring an additional 181 shares during the period. GPS Wealth Strategies Group LLC raised its stake in Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in Anheuser-Busch InBev SA/NV by 1.8% during the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock worth $624,000 after acquiring an additional 186 shares during the period. Finally, GAMMA Investing LLC grew 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 valued at $67,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

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.