International Assets Investment Management LLC Buys 18,619 Shares of Ambev S.A. (NYSE:ABEV)

International Assets Investment Management LLC lifted its stake in shares of Ambev S.A. (NYSE:ABEV) by 144.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,549 shares of the company’s stock after purchasing an additional 18,619 shares during the quarter. International Assets Investment Management LLC’s holdings in Ambev were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Bank of Canada FI grew its holdings in shares of Ambev by 25.0% during the 2nd quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock valued at $50,000 after purchasing an additional 4,900 shares during the last quarter. UMB Bank n.a. grew its holdings in Ambev by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after acquiring an additional 4,984 shares during the last quarter. SG Americas Securities LLC grew its holdings in Ambev by 12.5% during the 1st quarter. SG Americas Securities LLC now owns 46,857 shares of the company’s stock worth $116,000 after acquiring an additional 5,217 shares during the last quarter. Endowment Wealth Management Inc. grew its holdings in Ambev by 26.1% during the 2nd quarter. Endowment Wealth Management Inc. now owns 25,933 shares of the company’s stock worth $53,000 after acquiring an additional 5,368 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Ambev by 23.8% during the 3rd quarter. Park Avenue Securities LLC now owns 28,787 shares of the company’s stock worth $70,000 after acquiring an additional 5,526 shares during the last quarter. 8.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ABEV. StockNews.com began coverage on shares of Ambev in a report on Friday, October 18th. They set a “buy” rating on the stock. UBS Group reduced their target price 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.75.

Ambev Stock Up 0.5 %

Shares of NYSE ABEV opened at $2.22 on Wednesday. The company has a market capitalization of $34.97 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 5.11 and a beta of 1.06. Ambev S.A. has a 52-week low of $2.01 and a 52-week high of $3.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company’s 50 day moving average price is $2.32 and its 200-day moving average price is $2.26.

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.