International Assets Investment Management LLC Buys 23,274 Shares of Ambev S.A. (NYSE:ABEV)

International Assets Investment Management LLC boosted its stake in shares of Ambev S.A. (NYSE:ABEV) by 180.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,204 shares of the company’s stock after acquiring an additional 23,274 shares during the period. International Assets Investment Management LLC’s holdings in Ambev were worth $1,010,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABEV. 1900 Wealth Management LLC lifted its holdings in shares of Ambev by 8.4% during the 3rd quarter. 1900 Wealth Management LLC now owns 50,942 shares of the company’s stock worth $131,000 after acquiring an additional 3,953 shares during the period. Baron Wealth Management LLC lifted its stake in Ambev by 11.5% during the fourth quarter. Baron Wealth Management LLC now owns 38,362 shares of the company’s stock worth $107,000 after purchasing an additional 3,963 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Ambev by 0.8% in the 3rd quarter. Fifth Third Bancorp now owns 502,445 shares of the company’s stock valued at $1,296,000 after purchasing an additional 3,985 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Ambev by 37.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,021 shares of the company’s stock valued at $41,000 after purchasing an additional 4,348 shares in the last quarter. Finally, Jeppson Wealth Management LLC raised its holdings in shares of Ambev by 11.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 41,755 shares of the company’s stock worth $108,000 after buying an additional 4,400 shares in the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Stock Performance

Shares of ABEV stock opened at $2.31 on Tuesday. The firm has a market capitalization of $36.30 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.31 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $2.48 and its 200-day moving average price is $2.63. Ambev S.A. has a 12 month low of $2.23 and a 12 month high of $3.23.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Ambev had a net margin of 18.19% and a return on equity of 17.60%. The business had revenue of $4.04 billion for the quarter. Equities research analysts forecast that Ambev S.A. will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ABEV shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. StockNews.com assumed coverage on shares of Ambev in a report on Friday, January 26th. They set a “buy” rating on the stock. Finally, Barclays cut shares of Ambev from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $3.50 to $3.00 in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

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.