Anheuser-Busch InBev SA/NV (NYSE:BUD) Reaches New 12-Month Low – What’s Next?

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $47.99 and last traded at $48.03, with a volume of 488498 shares changing hands. The stock had previously closed at $49.03.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BUD shares. TD Cowen dropped their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $68.00.

Anheuser-Busch InBev SA/NV Stock Down 3.5 %

The company’s 50 day simple moving average is $53.26 and its 200-day simple moving average is $59.16. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a market cap of $85.03 billion, a P/E ratio of 14.60, a PEG ratio of 1.68 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Lisle Cummings Inc. raised its stake in Anheuser-Busch InBev SA/NV by 9.0% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker’s stock valued at $157,000 after buying an additional 197 shares during the last quarter. First Personal Financial Services increased its position in Anheuser-Busch InBev SA/NV by 51.3% during the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after acquiring an additional 205 shares during the last quarter. CHICAGO TRUST Co NA lifted its holdings in Anheuser-Busch InBev SA/NV by 2.2% in the third quarter. CHICAGO TRUST Co NA now owns 10,165 shares of the consumer goods maker’s stock valued at $674,000 after acquiring an additional 217 shares during the period. AE Wealth Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 6.5% in the second quarter. AE Wealth Management LLC now owns 4,540 shares of the consumer goods maker’s stock worth $264,000 after purchasing an additional 278 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 10,892 shares of the consumer goods maker’s stock valued at $633,000 after purchasing an additional 313 shares during the period. Institutional investors 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.