Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 12-Month Low – Time to Sell?

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $52.25 and last traded at $52.25, with a volume of 19803 shares trading hands. The stock had previously closed at $52.53.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BUD shares. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley raised their target price 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. Finally, TD Cowen downgraded shares of 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 report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s 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 Stock Down 3.2 %

The company has a market cap of $90.06 billion, a PE ratio of 15.47, a P/E/G ratio of 1.68 and a beta of 1.08. The business has a 50-day simple moving average of $57.91 and a 200-day simple moving average of $60.38. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

A number of large investors have recently added to or reduced their stakes in BUD. Blue Trust Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 378 shares in the last quarter. &PARTNERS lifted its position in shares of Anheuser-Busch InBev SA/NV by 18.2% in the second quarter. &PARTNERS now owns 16,983 shares of the consumer goods maker’s stock valued at $988,000 after acquiring an additional 2,610 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 5.5% in the second quarter. Premier Path Wealth Partners LLC now owns 18,351 shares of the consumer goods maker’s stock worth $1,067,000 after acquiring an additional 963 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth approximately $307,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Anheuser-Busch InBev SA/NV by 210.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,396 shares of the consumer goods maker’s stock valued at $314,000 after purchasing an additional 3,657 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

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.