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

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price objective for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Morgan Stanley increased their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Citigroup raised shares of 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. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

The business’s fifty day moving average is $60.29 and its two-hundred day moving average is $61.15. 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 stock has a market capitalization of $95.49 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BUD. Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth $26,000. Legacy Investment Solutions LLC bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth $27,000. GPS Wealth Strategies Group LLC lifted its position in 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 worth $32,000 after buying an additional 185 shares during the last quarter. Blue Trust Inc. lifted its position in Anheuser-Busch InBev SA/NV by 225.0% in 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 last quarter. Finally, Addison Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 39.7% in 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 during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

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.