Anheuser-Busch InBev SA/NV (NYSE:BUD) Reaches New 52-Week Low – Should You Sell?

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) reached a new 52-week low on Wednesday . The stock traded as low as $55.05 and last traded at $55.06, with a volume of 49178 shares trading hands. The stock had previously closed at $56.06.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BUD. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley raised their target price 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. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their price target for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from 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 Trading Down 1.7 %

The business has a 50-day simple moving average of $62.68 and a 200-day simple moving average of $61.95. The company has a market cap of $99.04 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Several hedge funds have recently bought and sold shares of BUD. Brophy Wealth Management LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $946,000. M&T Bank Corp increased its position in shares of Anheuser-Busch InBev SA/NV by 16.7% during the third quarter. M&T Bank Corp now owns 6,519 shares of the consumer goods maker’s stock worth $432,000 after acquiring an additional 935 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Anheuser-Busch InBev SA/NV by 83.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 37,064 shares of the consumer goods maker’s stock valued at $2,457,000 after acquiring an additional 16,896 shares in the last quarter. MML Investors Services LLC increased its holdings in Anheuser-Busch InBev SA/NV by 4.9% during the 3rd quarter. MML Investors Services LLC now owns 75,898 shares of the consumer goods maker’s stock worth $5,031,000 after purchasing an additional 3,545 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter worth approximately $27,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

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.