Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Down - Should You Sell?

Key Points

• BUD shares fell 4.2%, opening at $74.43 versus the prior close of $77.10, and traded below both its 50-day and 200-day moving averages.
• Analysts remain broadly positive: 12 rate the stock a Buy and five a Hold, producing a “Moderate Buy” consensus and an average price target of $91.08.
• Anheuser-Busch InBev beat quarterly expectations, reporting $1.21 in EPS versus $1.09 expected and $16.66 billion in revenue, up 11% year over year.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $77.10, but opened at $74.43. Anheuser-Busch InBev SA/NV shares last traded at $74.1150, with a volume of 622,650 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BUD. Bank of America restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Morgan Stanley decreased their price target on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating on the stock in a report on Thursday, July 2nd. UBS Group restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Finally, Berenberg Bank reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.08.

Anheuser-Busch InBev SA/NV Stock Down 4.2%

The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $149.21 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.12 and a beta of 0.59. The business has a 50-day moving average price of $80.23 and a 200 day moving average price of $78.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, topping the consensus estimate of $1.09 by $0.12. The company had revenue of $16.66 billion during the quarter, compared to analyst estimates of $16.23 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The firm's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. On average, equities analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

A number of institutional investors have recently modified their holdings of BUD. Cook & Bynum Capital Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at approximately $33,282,514. Renaissance Technologies LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 64.7% during the 1st quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker's stock worth $56,250,000 after buying an additional 318,600 shares during the period. Wellington Management Group LLP lifted its position in shares of Anheuser-Busch InBev SA/NV by 10,464.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker's stock valued at $262,876,000 after buying an additional 3,160,049 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Anheuser-Busch InBev SA/NV by 12.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 121,435 shares of the consumer goods maker's stock valued at $8,424,000 after buying an additional 13,877 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $4,323,000. 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 is a global brewer headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic beverages through a portfolio of international, regional and local brands. Its best-known brands include Budweiser, Corona, Stella Artois, Michelob Ultra, Beck's, Hoegaarden and Brahma, along with numerous country-specific offerings.

The company serves consumers across the Americas, Europe, Africa and Asia-Pacific through a broad network of breweries, distribution operations and commercial partnerships.

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