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

Anheuser-Busch InBev SA/NV (NYSE:BUD) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $52.86 and last traded at $52.94, with a volume of 632889 shares trading hands. The stock had previously closed at $52.96.

Analyst Ratings Changes

Several analysts recently issued reports on BUD shares. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen downgraded shares of 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 report on Tuesday, October 8th. Morgan Stanley lifted their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. 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 research 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 data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.8 %

The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $94.39 billion, a PE ratio of 16.32, a P/E/G ratio of 1.70 and a beta of 1.08. The stock’s fifty day simple moving average is $59.49 and its 200-day simple moving average is $60.82.

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

Hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth $26,000. Legacy Investment Solutions LLC bought a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at about $27,000. GPS Wealth Strategies Group LLC grew its position in Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 185 shares during the period. Blue Trust Inc. grew its position in Anheuser-Busch InBev SA/NV by 225.0% during the second 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 during the period. Finally, Addison Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares during the period. 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.