Signaturefd LLC Acquires 35,609 Shares of Ambev S.A. (NYSE:ABEV)

Signaturefd LLC boosted its holdings in Ambev S.A. (NYSE:ABEV) by 79.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,152 shares of the company’s stock after purchasing an additional 35,609 shares during the period. Signaturefd LLC’s holdings in Ambev were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HTLF Bank bought a new position in shares of Ambev in the 3rd quarter valued at about $26,000. Lake Street Advisors Group LLC acquired a new position in Ambev during the first quarter valued at approximately $28,000. Riversedge Advisors LLC bought a new position in Ambev in the third quarter valued at approximately $31,000. Foster Group Inc. acquired a new position in shares of Ambev during the 3rd quarter worth approximately $33,000. Finally, Traveka Wealth LLC raised its stake in shares of Ambev by 53.3% during the 3rd quarter. Traveka Wealth LLC now owns 17,754 shares of the company’s stock worth $43,000 after purchasing an additional 6,171 shares in the last quarter. 8.13% of the stock is owned by institutional investors.

Ambev Price Performance

NYSE:ABEV opened at $2.25 on Monday. The company has a market cap of $35.45 billion, a P/E ratio of 11.84, a P/E/G ratio of 5.34 and a beta of 1.05. The firm’s fifty day moving average price is $2.35 and its two-hundred day moving average price is $2.26. Ambev S.A. has a one year low of $2.01 and a one year high of $3.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.78.

Ambev (NYSE:ABEV) last posted its 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 for the quarter, compared to the consensus estimate 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 prior year, the business earned $0.03 earnings per share. Equities analysts expect that Ambev S.A. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Ambev in a research note on Friday, October 18th. They issued a “buy” rating for the company. UBS Group decreased their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2.75.

Ambev 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.