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

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BUD. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their target price for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Morgan Stanley upped 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 report on Tuesday, September 10th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

The business’s fifty day moving average is $58.96 and its 200 day moving average is $60.71. The company has a market cap of $96.10 billion, a P/E ratio of 16.51, a PEG ratio of 1.68 and a beta of 1.08. 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 Investors Weigh In On Anheuser-Busch InBev SA/NV

Several large investors have recently added to or reduced their stakes in BUD. Addison Advisors LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% in the second 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. GPS Wealth Strategies Group LLC raised its holdings in Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Brown Lisle Cummings Inc. raised its holdings 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 acquiring an additional 197 shares during the period. First Personal Financial Services raised its holdings in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd 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 period. Finally, Sage Mountain Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 3.6% during the 2nd quarter. Sage Mountain Advisors LLC now owns 6,035 shares of the consumer goods maker’s stock valued at $351,000 after acquiring an additional 209 shares during the period. Hedge funds and other 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.