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

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $48.94 and last traded at $49.02, with a volume of 673218 shares changing hands. The stock had previously closed at $49.93.

Analysts Set New Price Targets

A number of brokerages have weighed in on BUD. Morgan Stanley upped 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. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday, October 9th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Monday, September 30th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 1st. Finally, TD Cowen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and increased their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. 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 stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 2.2 %

The stock has a market capitalization of $87.79 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The stock's fifty day moving average price is $54.65 and its two-hundred day moving average price is $59.51. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division boosted its stake in shares of Anheuser-Busch InBev SA/NV by 27.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 13,150 shares of the consumer goods maker's stock valued at $658,000 after purchasing an additional 2,850 shares during the period. Tidal Investments LLC boosted its position in Anheuser-Busch InBev SA/NV by 4.8% during the 3rd quarter. Tidal Investments LLC now owns 18,654 shares of the consumer goods maker's stock valued at $1,237,000 after buying an additional 852 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth $138,000. Anchor Investment Management LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 120.6% in the third quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker's stock valued at $51,000 after acquiring an additional 422 shares during the period. Finally, Brophy Wealth Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at about $946,000. 5.53% of the stock is currently 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.