Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 52-Week Low – Time to Sell?

Anheuser-Busch InBev SA/NV (NYSE:BUD) 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. The stock had previously closed at $52.96.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BUD. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley boosted their price objective on shares of 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. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Two investment 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 stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 0.1 %

The firm has a market cap of $96.10 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The firm’s fifty day moving average is $58.96 and its 200-day moving average is $60.71.

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

Several institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 4.8% during the third quarter. Tidal Investments LLC now owns 18,654 shares of the consumer goods maker’s stock valued at $1,237,000 after purchasing an additional 852 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $138,000. Anchor Investment Management LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after acquiring an additional 422 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $946,000. Finally, M&T Bank Corp raised its holdings in shares of Anheuser-Busch InBev SA/NV by 16.7% in the 3rd 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 last quarter. 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.