Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 52-Week Low – Here’s What Happened

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $53.15 and last traded at $53.16, with a volume of 226142 shares changing hands. The stock had previously closed at $53.87.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BUD shares. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Finally, Morgan Stanley boosted 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 report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, 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 1.3 %

The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $95.52 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.74 and a beta of 1.08. The firm has a fifty day simple moving average of $60.73 and a 200-day simple moving average of $61.26.

Institutional Trading of Anheuser-Busch InBev SA/NV

Hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $26,000. Legacy Investment Solutions LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 in the last quarter. Blue Trust Inc. boosted its position in shares of 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 worth $33,000 after buying an additional 378 shares during the period. Finally, Addison Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after buying an additional 168 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

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.