Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $47.99 and last traded at $48.03, with a volume of 488498 shares trading hands. The stock had previously closed at $49.03.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on BUD. TD Cowen reduced their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 1st. Barclays raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Evercore ISI raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $68.00.
Check Out Our Latest Stock Report on Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV Stock Down 5.8 %
The company's 50-day simple moving average is $53.00 and its 200 day simple moving average is $59.06. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The firm has a market cap of $83.01 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09.
Institutional Trading of Anheuser-Busch InBev SA/NV
Several institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $38,000. First Personal Financial Services raised its stake in shares of Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock valued at $40,000 after buying an additional 205 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in Anheuser-Busch InBev SA/NV by 96.6% in the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker's stock valued at $43,000 after acquiring an additional 316 shares during the period. Institutional investors own 5.53% of the company's stock.
Anheuser-Busch InBev SA/NV Company Profile
(
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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.
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