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

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares reached a new 52-week low on Wednesday . The company traded as low as $52.86 and last traded at $52.94, with a volume of 632889 shares changing hands. The stock had previously closed at $52.96.

Analyst Ratings Changes

A number of research firms have recently weighed in on BUD. Morgan Stanley raised their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their target price for the stock from $68.00 to $88.00 in a research report on Tuesday, October 8th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The firm’s fifty day simple moving average is $59.49 and its 200-day simple moving average is $60.82. The stock has a market cap of $94.39 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.70 and a beta of 1.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BUD. Holocene Advisors LP raised its holdings in Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after purchasing an additional 803,257 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after acquiring an additional 587,329 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock valued at $34,907,000 after acquiring an additional 522,575 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $154,640,000. Finally, GFS Advisors LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 56,727.5% in the 3rd quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock valued at $12,996,000 after acquiring an additional 195,710 shares in the last quarter. Institutional investors 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.