Ambev S.A. (NYSE:ABEV) Shares Acquired by Bfsg LLC

Bfsg LLC lifted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 70.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 112,000 shares of the company’s stock after buying an additional 46,300 shares during the period. Bfsg LLC’s holdings in Ambev were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. HTLF Bank acquired a new stake in Ambev during the third quarter worth approximately $26,000. Creative Planning raised its stake in Ambev by 15.5% during the 3rd quarter. Creative Planning now owns 299,592 shares of the company’s stock worth $731,000 after acquiring an additional 40,257 shares in the last quarter. Grove Bank & Trust lifted its position in Ambev by 72.1% in the third quarter. Grove Bank & Trust now owns 20,050 shares of the company’s stock valued at $49,000 after acquiring an additional 8,403 shares during the last quarter. CHICAGO TRUST Co NA boosted its stake in Ambev by 17.0% in the third quarter. CHICAGO TRUST Co NA now owns 73,458 shares of the company’s stock valued at $179,000 after acquiring an additional 10,653 shares in the last quarter. Finally, First Affirmative Financial Network purchased a new position in shares of Ambev during the third quarter worth about $58,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

Shares of ABEV stock opened at $2.30 on Friday. The stock’s 50-day moving average price is $2.35 and its 200 day moving average price is $2.27. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $36.23 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 5.34 and a beta of 1.05. Ambev S.A. has a 52-week low of $2.01 and a 52-week high of $3.00.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 16.94% and a net margin of 17.93%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, equities research analysts forecast that Ambev S.A. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ABEV. StockNews.com initiated coverage on Ambev in a research report on Friday. They issued a “buy” rating for the company. UBS Group decreased their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $2.75.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.