Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 52-Week Low – What’s Next?

Anheuser-Busch InBev SA/NV (NYSE:BUD) reached a new 52-week low on Friday . The stock traded as low as $48.94 and last traded at $49.02, with a volume of 673218 shares traded. The stock had previously closed at $49.93.

Analyst Ratings Changes

BUD has been the topic of several research analyst reports. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the company from $68.00 to $88.00 in a research note 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 report on Tuesday, September 10th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Two 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

The firm has a market cap of $87.54 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The firm’s 50 day moving average is $54.94 and its 200 day moving average is $59.58.

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

A number of institutional investors have recently modified their holdings of BUD. Holocene Advisors LP boosted its stake in Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% during 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 buying an additional 587,329 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock worth $34,907,000 after acquiring an additional 522,575 shares during the last quarter. International Assets Investment Management LLC bought a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at approximately $154,640,000. Finally, GFS Advisors LLC boosted its stake in Anheuser-Busch InBev SA/NV by 56,727.5% during the 3rd quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock valued at $12,996,000 after purchasing an additional 195,710 shares during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

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.