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

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BUD shares. TD Cowen lowered 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 report on Tuesday, October 8th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley raised 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 report on Tuesday, September 10th. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 0.9 %

The firm has a market capitalization of $98.34 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. 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 company’s 50-day simple moving average is $62.29 and its 200 day simple moving average is $61.85.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of 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. Holocene Advisors LP lifted 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 buying an additional 803,257 shares during the last quarter. Capital International Investors lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 1.8% in the 1st quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock worth $131,504,000 after purchasing an additional 38,747 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 2.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after acquiring an additional 35,757 shares in the last quarter. Finally, Seafarer Capital Partners LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 11.2% in the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after buying an additional 107,000 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.