Natixis Advisors LLC Buys 684,439 Shares of Ambev S.A. (NYSE:ABEV)

Natixis Advisors LLC boosted its stake in shares of Ambev S.A. (NYSE:ABEV) by 72.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,624,633 shares of the company’s stock after acquiring an additional 684,439 shares during the period. Natixis Advisors LLC’s holdings in Ambev were worth $3,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. HTLF Bank purchased a new position in Ambev in the third quarter worth about $26,000. Wealthstream Advisors Inc. purchased a new stake in Ambev during the third quarter valued at approximately $29,000. Riversedge Advisors LLC bought a new stake in shares of Ambev in the 3rd quarter valued at approximately $31,000. Foster Group Inc. purchased a new position in shares of Ambev in the 3rd quarter worth approximately $33,000. Finally, BSW Wealth Partners bought a new position in shares of Ambev during the 3rd quarter valued at approximately $33,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Stock Performance

Shares of ABEV opened at $2.19 on Friday. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. The stock has a fifty day moving average price of $2.29 and a 200-day moving average price of $2.24. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The firm has a market cap of $34.50 billion, a PE ratio of 12.17, a P/E/G ratio of 6.69 and a beta of 1.06.

Analysts Set New Price Targets

ABEV has been the topic of a number of analyst reports. StockNews.com started coverage on shares of Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. UBS Group cut their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Ambev has a consensus rating of “Moderate Buy” and a consensus price target of $2.70.

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.