Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Down - Here's What Happened

Key Points

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Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $66.54, but opened at $59.37. Anheuser-Busch InBev SA/NV shares last traded at $58.67, with a volume of 1,919,305 shares trading hands.

Analysts Set New Price Targets

BUD has been the topic of several research analyst reports. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Stock Down 0.8%

The stock has a market cap of $102.76 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.44 and a beta of 0.82. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. The stock's 50-day moving average price is $68.97 and its 200-day moving average price is $62.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 24.68%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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

Several institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 32.7% in the fourth quarter. LPL Financial LLC now owns 160,261 shares of the consumer goods maker's stock worth $8,024,000 after purchasing an additional 39,483 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 28.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 18,802 shares of the consumer goods maker's stock worth $941,000 after purchasing an additional 4,192 shares during the last quarter. Summit Financial LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth approximately $431,000. Franklin Resources Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 2.8% in the fourth quarter. Franklin Resources Inc. now owns 17,340 shares of the consumer goods maker's stock worth $868,000 after purchasing an additional 477 shares during the last quarter. Finally, ExodusPoint Capital Management LP lifted its stake in Anheuser-Busch InBev SA/NV by 205.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 47,091 shares of the consumer goods maker's stock worth $2,358,000 after acquiring an additional 31,675 shares during the period. 5.53% of the stock is owned by hedge funds and other 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.