Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up - Still a Buy?

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $51.07, but opened at $52.25. Anheuser-Busch InBev SA/NV shares last traded at $51.94, with a volume of 754,389 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their price target on shares of 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, January 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Trading Up 0.0 %

The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a market cap of $95.47 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.64 and a beta of 1.08. The business has a fifty day simple moving average of $49.87 and a 200 day simple moving average of $57.15.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $27,000. R Squared Ltd bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $30,000. First Personal Financial Services increased its stake in Anheuser-Busch InBev SA/NV by 51.3% in the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock worth $40,000 after purchasing an additional 205 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 2,722.7% during the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker's stock valued at $31,000 after acquiring an additional 599 shares during the period. Institutional investors own 5.53% of the company's stock.

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.