The stock of Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) hit a new 52-week low and has $103.06 target or 9.00% below today’s $113.25 share price. The 7 months bearish chart indicates high risk for the $193.80B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $103.06 price target is reached, the company will be worth $17.44 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 2.76M shares traded hands or 43.01% up from the average. Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) has declined 4.47% since April 7, 2016 and is downtrending. It has underperformed by 9.25% the S&P500.
Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) Ratings Coverage
Out of 18 analysts covering Anheuser-Busch InBev (NYSE:BUD), 13 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 72% are positive. Anheuser-Busch InBev has been the topic of 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, August 26 by ING Group. As per Thursday, August 13, the company rating was upgraded by Vetr. As per Wednesday, September 30, the company rating was initiated by UBS. The rating was initiated by Sterne Agee CRT with “Buy” on Tuesday, July 21. The stock has “Hold” rating given by Societe Generale on Thursday, October 20. The stock of Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) has “Sector Perform” rating given on Monday, September 21 by RBC Capital Markets. The company was maintained on Thursday, September 17 by Sterne Agee CRT. The firm has “Outperform” rating by Credit Agricole given on Monday, November 2. The rating was upgraded by Berenberg on Friday, November 13 to “Buy”. The stock of Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) earned “Buy” rating by HSBC on Tuesday, December 8.
According to Zacks Investment Research, “Anheuser-Busch is the leading global brewer and one of the world’s top five consumer products companies. Their portfolio of well over 200 beer brands continues to forge strong connections with consumers. They invest the majority of their brand-building resources on their Focus Brands – those with the greatest growth potential such as global brands BudweiserÂ®, Stella ArtoisÂ® and BeckÂ’sÂ®, alongside LeffeÂ®, HoegaardenÂ®, Bud LightÂ®, SkolÂ®, BrahmaÂ®, AntarcticaÂ®, QuilmesÂ®, Michelob UltraÂ®, HarbinÂ®, SedrinÂ®, KlinskoyeÂ®, Sibirskaya KoronaÂ®, ChernigivskeÂ®, HasserÃ¶derÂ® and JupilerÂ®. In addition, the company owns a 50 percent equity interest in the operating subsidiary of Grupo Modelo, Mexico’s leading brewer and owner of the global CoronaÂ® brand.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.25, from 1.25 in 2016Q1. The ratio dived, as 37 funds sold all Anheuser Busch Inbev SA NV (ADR) shares owned while 150 reduced positions. 41 funds bought stakes while 146 increased positions. They now own 91.82 million shares or 6.76% more from 86.01 million shares in 2016Q1.
Bollard Gru Limited Liability Corp has 115 shares for 0% of their US portfolio. King Luther Capital Mgmt Corporation accumulated 0.01% or 9,360 shares. Winfield last reported 2,320 shares in the company. Cannell Peter B Co Inc holds 0.01% of its portfolio in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) for 2,150 shares. Hamel Associates accumulated 3,575 shares or 0.24% of the stock. Cambridge Invest Rech Advsrs Inc holds 0.01% of its portfolio in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) for 4,863 shares. Gardner Russo Gardner Lc last reported 7.2% of its portfolio in the stock. Eads & Heald Invest Counsel last reported 0.51% of its portfolio in the stock. Richard C Young And Limited, a Rhode Island-based fund reported 63,640 shares. First In owns 1,879 shares or 0.14% of their US portfolio. Atria Invs Limited Company holds 0.04% or 2,979 shares in its portfolio. Palo Cap has 10,020 shares for 0.45% of their US portfolio. Diversified holds 0.06% or 4,000 shares in its portfolio. Brown Brothers Harriman has 0% invested in the company for 6,416 shares. Avalon Advisors Ltd Llc has 9,718 shares for 0.05% of their US portfolio.
More notable recent Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) news were published by: Schaeffersresearch.com which released: “Option Bulls Watch Anheuser Busch Inbev SA NV (ADR) (BUD) Amid Brand Sale Rumors” on November 08, 2016, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Marketwatch.com published: “Anheuser-Busch InBev SA ADR” on October 02, 2009. More interesting news about Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) were released by: Investorplace.com and their article: “Anheuser-Busch InBev SA NV (BUD) Stock Takes a Dip on Profit Miss” published on October 28, 2016 as well as Fool.com‘s news article titled: “Is Anheuser-Busch InBev SA (ADR) Trying to Snuff Out Craft Beer Competition?” with publication date: October 25, 2015.
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