Ambev S.A. (NYSE:ABEV) Stock Position Lifted by Signaturefd LLC

Signaturefd LLC grew its position in shares of Ambev S.A. (NYSE:ABEV) by 54.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,459 shares of the company’s stock after buying an additional 21,351 shares during the period. Signaturefd LLC’s holdings in Ambev were worth $169,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. bought a new position in Ambev during the 3rd quarter worth approximately $26,000. Ieq Capital LLC acquired a new stake in shares of Ambev during the 3rd quarter worth approximately $27,000. SVB Wealth LLC acquired a new stake in shares of Ambev during the 4th quarter worth approximately $34,000. West Family Investments Inc. acquired a new stake in shares of Ambev during the 3rd quarter worth approximately $32,000. Finally, Hartford Financial Management Inc. raised its position in shares of Ambev by 49.9% during the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock worth $36,000 after purchasing an additional 4,238 shares during the period. Institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

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

Ambev Stock Up 1.3 %

ABEV opened at $2.33 on Monday. Ambev S.A. has a 12 month low of $2.23 and a 12 month high of $3.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66. The stock has a market cap of $36.70 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.36 and a beta of 1.08. The stock’s 50 day moving average price is $2.46 and its 200 day moving average price is $2.62.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, beating 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. As a group, research analysts predict that Ambev S.A. will post 0.19 earnings per share for the current year.

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.