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

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares reached a new 52-week low during trading on Friday . The stock traded as low as $47.99 and last traded at $48.03, with a volume of 488498 shares. The stock had previously closed at $49.03.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen reduced their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Buy” and a consensus target price of $68.00.

Anheuser-Busch InBev SA/NV Price Performance

The company has a market cap of $85.03 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The business has a 50 day moving average of $53.26 and a 200 day moving average of $59.16. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

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

Several institutional investors and hedge funds have recently modified their holdings of BUD. Rhumbline Advisers raised its stake in Anheuser-Busch InBev SA/NV by 5.7% in the second quarter. Rhumbline Advisers now owns 17,632 shares of the consumer goods maker’s stock worth $1,025,000 after buying an additional 944 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 11,011 shares of the consumer goods maker’s stock worth $640,000 after acquiring an additional 376 shares in the last quarter. Choreo LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at approximately $1,440,000. American Century Companies Inc. lifted its position in Anheuser-Busch InBev SA/NV by 21.9% during the second quarter. American Century Companies Inc. now owns 166,846 shares of the consumer goods maker’s stock valued at $9,702,000 after buying an additional 29,944 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter worth about $1,076,000. 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.