12,105 Shares in Ambev S.A. (NYSE:ABEV) Purchased by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in shares of Ambev S.A. (NYSE:ABEV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,105 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds have also recently bought and sold shares of the business. 1900 Wealth Management LLC increased its position in shares of Ambev by 8.4% in the 3rd quarter. 1900 Wealth Management LLC now owns 50,942 shares of the company’s stock worth $131,000 after purchasing an additional 3,953 shares during the last quarter. Baron Wealth Management LLC grew its stake in Ambev by 11.5% in 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 in the last quarter. Fifth Third Bancorp increased its holdings in Ambev by 0.8% in the third quarter. Fifth Third Bancorp now owns 502,445 shares of the company’s stock valued at $1,296,000 after buying an additional 3,985 shares during the last quarter. Hartford Financial Management Inc. raised its stake in Ambev by 49.9% during the fourth quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock valued at $36,000 after buying an additional 4,238 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in Ambev by 37.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,021 shares of the company’s stock worth $41,000 after buying an additional 4,348 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Performance

Shares of NYSE ABEV opened at $2.30 on Wednesday. Ambev S.A. has a 12-month low of $2.23 and a 12-month high of $3.23. The company has a market cap of $36.15 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth 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 stock’s 50 day simple moving average is $2.48 and its 200 day simple moving average is $2.63.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com began coverage on Ambev in a report on Friday, January 26th. They issued a “buy” rating for the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. Finally, Barclays downgraded shares of Ambev from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $3.50 to $3.00 in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Ambev Company Profile

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.