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

Anheuser-Busch InBev SA/NV (NYSE:BUD) hit a new 52-week low during mid-day trading 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.

Analysts Set New Price Targets

BUD has been the topic of a number of research reports. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley raised their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their target price for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

The stock has a 50-day simple moving average of $57.91 and a 200 day simple moving average of $60.38. 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 company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 37.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock valued at $3,836,000 after purchasing an additional 15,837 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the 3rd 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 period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth about $1,865,000. Cerity Partners LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 61.9% during the 3rd quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock valued at $4,048,000 after acquiring an additional 23,348 shares during the period. Finally, Seafarer Capital Partners LLC grew its position in Anheuser-Busch InBev SA/NV by 11.2% in the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock valued at $70,201,000 after acquiring an additional 107,000 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

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.