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

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BUD shares. Morgan Stanley raised their price target 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. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Evercore ISI raised 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 report on Wednesday, October 9th. Finally, TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price target for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Three 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 stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.9 %

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 firm has a market cap of $98.34 billion, a P/E ratio of 16.89, a PEG ratio of 1.79 and a beta of 1.12. The stock’s 50-day simple moving average is $62.29 and its 200 day simple moving average is $61.85.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

A number of institutional investors and hedge funds have recently made changes to their positions in BUD. Ashton Thomas Securities LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $26,000. Legacy Investment Solutions LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at about $27,000. GPS Wealth Strategies Group LLC boosted its stake in shares of 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 purchasing an additional 185 shares in the last quarter. Blue Trust Inc. boosted 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 worth $33,000 after acquiring an additional 378 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in 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 acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds 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.