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

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $56.83 and last traded at $56.98, with a volume of 54403 shares changing hands. The stock had previously closed at $58.83.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Evercore ISI raised 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 note on Tuesday, October 1st. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price target for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Finally, Morgan Stanley increased their price objective on 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. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 2.7 %

The firm has a market capitalization of $102.92 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12. The firm’s 50-day moving average is $63.83 and its 200 day moving average is $62.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BUD. Janney Montgomery Scott LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after buying an additional 354 shares during the period. OLD Mission Capital LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth $4,046,000. Cetera Investment Advisers boosted its holdings in Anheuser-Busch InBev SA/NV by 287.8% in the first quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock valued at $3,962,000 after acquiring an additional 48,376 shares during the last quarter. QRG Capital Management Inc. grew its position in Anheuser-Busch InBev SA/NV by 57.0% during the second quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock valued at $4,811,000 after acquiring an additional 30,052 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Anheuser-Busch InBev SA/NV during the first quarter worth about $288,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

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.