Anheuser-Busch InBev SA/NV (NYSE:BUD) Sets New 12-Month Low – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BUD. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Cowen dropped their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Price Performance

The firm has a market cap of $83.01 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The company’s fifty day moving average is $53.00 and its two-hundred day moving average is $59.05. 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 Trading of Anheuser-Busch InBev SA/NV

A number of hedge funds and other institutional investors have recently modified their holdings of BUD. Holocene Advisors LP raised its stake in shares of Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Fisher Asset Management LLC raised its stake in Anheuser-Busch InBev SA/NV by 6.0% during 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 acquiring an additional 587,329 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 672.3% during the second quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock valued at $34,907,000 after purchasing an additional 522,575 shares during the period. International Assets Investment Management LLC bought a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $154,640,000. Finally, GFS Advisors LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 56,727.5% during the 3rd quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock worth $12,996,000 after buying an additional 195,710 shares in the last quarter. 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.