Stock of the Day: What’s Propelling Anheuser Busch Inbev SA NV (ADR) to Reach 52 Week Low?

Stock of the Day: What's Propelling Anheuser Busch Inbev SA NV (ADR) to Reach 52 Week Low?

The stock of Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) hit a new 52-week low and has $94.56 target or 8.00% below today’s $102.78 share price. The 7 months bearish chart indicates high risk for the $172.94 billion company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $94.56 price target is reached, the company will be worth $13.84 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 3.57 million shares traded hands or 61.54% up from the average. Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) has declined 11.00% since April 12, 2016 and is downtrending. It has underperformed by 15.99% the S&P500.

Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) Ratings Coverage

Out of 18 analysts covering Anheuser-Busch InBev (NYSE:BUD), 12 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 67% are positive. $157 is the highest target while $100 is the lowest. The $129.63 average target is 26.12% above today’s ($102.78) stock price. Anheuser-Busch InBev has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded the shares of BUD in a report on Monday, September 21 to “Sector Perform” rating. The firm has “Buy” rating given on Thursday, August 13 by Vetr. The firm earned “Outperform” rating on Monday, November 2 by CLSA. The rating was upgraded by Credit Agricole on Monday, November 2 to “Outperform”. The rating was downgraded by Nomura to “Neutral” on Tuesday, July 21. Sterne Agee CRT maintained the stock with “Buy” rating in Thursday, September 17 report. The rating was maintained by RBC Capital Markets on Monday, October 10 with “Underperform”. Sterne Agee CRT initiated Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) on Tuesday, July 21 with “Buy” rating. RBC Capital Markets downgraded it to “Underperform” rating and $106 target price in Wednesday, July 6 report. As per Wednesday, September 30, the company rating was initiated by UBS.

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 Budweiser®, Stella Artois® and BeckÂ’s®, alongside Leffe®, Hoegaarden®, Bud Light®, Skol®, Brahma®, Antarctica®, Quilmes®, Michelob Ultra®, Harbin®, Sedrin®, Klinskoye®, Sibirskaya Korona®, Chernigivske®, Hasseröder® and Jupiler®. 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 Corona® brand.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.25, from 1.25 in 2016Q1. The ratio is negative, 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.
North Star Investment owns 51 shares or 0% of their US portfolio. Sather Group Incorporated reported 17,775 shares or 0.91% of all its holdings. First Foundation Advsr last reported 142,102 shares in the company. Vigilant Cap Mgmt has 0.01% invested in the company for 344 shares. Pennsylvania Trust Commerce has 3,699 shares for 0.04% of their US portfolio. Profund Advisors Ltd Liability Company holds 6,588 shares or 0.04% of its portfolio. Greenleaf Trust has 36,716 shares for 0.12% of their US portfolio. Atria Investments Ltd Limited Liability Company holds 0.04% of its portfolio in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) for 2,979 shares. Mackenzie accumulated 97,775 shares or 0.07% of the stock. The New Jersey-based Kcg Incorporated has invested 0.04% in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD). Raymond James Assocs has 185,265 shares for 0.08% of their US portfolio. Forbes J M Ltd Liability Partnership has invested 2.3% of its portfolio in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD). Whittier Tru Com reported 980 shares or 0.01% of all its holdings. Pittenger Anderson holds 0.25% or 16,991 shares in its portfolio. Alexandria Capital Limited Company has 76 shares for 0% of their US portfolio.

More important recent Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Fool.com published article titled: “Is Anheuser-Busch InBev SA (ADR) Trying to Snuff Out Craft Beer Competition?”, Marketwatch.com published: “Anheuser-Busch InBev SA ADR” on October 02, 2009. More interesting news about Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) was released by: Fool.com and their article: “The Coca-Cola Co. or Anheuser Busch Inbev SA (ADR): Better Dividend Investment?” with publication date: April 14, 2016.

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