Ambev S.A. (NYSE:ABEV) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC lessened its position in shares of Ambev S.A. (NYSE:ABEV) by 68.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,700 shares of the company’s stock after selling 172,300 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Ambev were worth $161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ABEV. Radnor Capital Management LLC acquired a new position in shares of Ambev during the 1st quarter worth $25,000. Lake Street Advisors Group LLC acquired a new position in shares of Ambev during the 1st quarter worth $28,000. IPG Investment Advisors LLC acquired a new position in Ambev in the 4th quarter valued at about $30,000. HighPoint Advisor Group LLC acquired a new position in Ambev in the 4th quarter valued at about $31,000. Finally, IRON Financial LLC acquired a new position in Ambev in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Trading Up 0.9 %

ABEV traded up $0.02 during midday trading on Friday, hitting $2.34. The company’s stock had a trading volume of 2,755,388 shares, compared to its average volume of 16,692,383. The company has a current ratio of 1.11, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. The firm has a market cap of $36.86 billion, a P/E ratio of 12.26, a PEG ratio of 5.04 and a beta of 1.06. The firm has a 50-day moving average price of $2.20 and a two-hundred day moving average price of $2.30. Ambev S.A. has a 52-week low of $2.01 and a 52-week high of $3.00.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Ambev had a return on equity of 16.94% and a net margin of 17.93%. During the same quarter in the previous year, the business earned $0.03 EPS. On average, research analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Ambev from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Barclays cut their target price on shares of Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.75.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.