Anheuser-Busch InBev SA/NV (NYSE:BUD) Sees Large Volume Increase – Still a Buy?

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) saw an uptick in trading volume on Thursday . 1,150,499 shares were traded during trading, a decline of 32% from the previous session’s volume of 1,699,315 shares.The stock last traded at $53.48 and had previously closed at $52.38.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price objective for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley lifted their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, Evercore ISI raised 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 given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

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 business’s fifty day moving average is $58.70 and its 200 day moving average is $60.63. The company has a market cap of $96.01 billion, a P/E ratio of 16.49, a PEG ratio of 1.68 and a beta of 1.08.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in Anheuser-Busch InBev SA/NV by 4.8% in the 3rd quarter. Tidal Investments LLC now owns 18,654 shares of the consumer goods maker’s stock worth $1,237,000 after purchasing an additional 852 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $138,000. Anchor Investment Management LLC grew its position in Anheuser-Busch InBev SA/NV by 120.6% during 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 last quarter. Brophy Wealth Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth approximately $946,000. Finally, M&T Bank Corp lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 16.7% in the 3rd quarter. M&T Bank Corp now owns 6,519 shares of the consumer goods maker’s stock worth $432,000 after acquiring an additional 935 shares during the last quarter. 5.53% of the stock is currently owned by 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.