Ambev S.A. (NYSE:ABEV) Shares Bought by Creative Planning

Creative Planning lifted its stake in Ambev S.A. (NYSE:ABEV) by 15.5% during the third quarter, Holdings Channel reports. The institutional investor owned 299,592 shares of the company’s stock after acquiring an additional 40,257 shares during the quarter. Creative Planning’s holdings in Ambev were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ABEV. Lake Street Advisors Group LLC acquired a new position in Ambev in the 1st quarter worth about $28,000. Foster Group Inc. acquired a new position in Ambev in the 3rd quarter worth about $33,000. Traveka Wealth LLC raised its holdings in Ambev by 53.3% in 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 during the period. UMB Bank n.a. raised its holdings in Ambev by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after purchasing an additional 4,984 shares during the period. Finally, Transcend Capital Advisors LLC acquired a new position in Ambev in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

Shares of Ambev stock opened at $2.15 on Monday. The business has a 50 day simple moving average of $2.33 and a two-hundred day simple moving average of $2.26. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. The stock has a market capitalization of $33.87 billion, a P/E ratio of 11.94, a PEG ratio of 5.18 and a beta of 1.06. 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 quarterly 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. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.56 billion. Ambev had a return on equity of 16.23% and a net margin of 17.02%. During the same period in the prior year, the business earned $0.03 earnings per share. As a group, analysts predict that Ambev S.A. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABEV has been the subject of a number of analyst reports. StockNews.com initiated coverage on Ambev in a report on Friday, October 18th. They issued a “buy” rating for the company. UBS Group reduced their target price on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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, 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.