Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 1-Year Low – Time to Sell?

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $56.11 and last traded at $56.17, with a volume of 1896322 shares. The stock had previously closed at $57.07.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BUD. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised their target price on shares of 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. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 0.3 %

The business has a fifty day moving average of $63.39 and a two-hundred day moving average of $62.07. The firm has a market cap of $100.32 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

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

A number of large investors have recently added to or reduced their stakes in BUD. Fisher Asset Management LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 6.0% in the third 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. Capital International Investors raised its position in shares of Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock valued at $131,504,000 after buying an additional 38,747 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 2.9% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after buying an additional 35,757 shares during the period. Seafarer Capital Partners LLC boosted its position in Anheuser-Busch InBev SA/NV by 11.2% during the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after acquiring an additional 107,000 shares during the last quarter. Finally, Armistice Capital LLC grew its stake in Anheuser-Busch InBev SA/NV by 19.5% in the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock worth $48,788,000 after acquiring an additional 137,000 shares during the period. 5.53% of the stock is 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.