Anheuser-Busch InBev SA/NV (NYSE:BUD) Reaches New 1-Year Low – Here’s What Happened

Anheuser-Busch InBev SA/NV (NYSE:BUD) reached a new 52-week low on Tuesday . The company traded as low as $54.00 and last traded at $54.08, with a volume of 350352 shares trading hands. The stock had previously closed at $55.04.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BUD shares. Morgan Stanley lifted their price objective on 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 upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price objective for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Finally, Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

The stock’s 50 day moving average is $61.89 and its two-hundred day moving average is $61.76. The stock has a market capitalization of $96.53 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth about $26,000. Legacy Investment Solutions LLC bought a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth about $27,000. GPS Wealth Strategies Group LLC boosted its position in Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Blue Trust Inc. grew its stake 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 valued at $33,000 after purchasing an additional 378 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares in 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.