Arkadios Wealth Advisors Sells 21,162 Shares of Ambev S.A. $ABEV

Arkadios Wealth Advisors decreased its position in shares of Ambev S.A. (NYSE:ABEV) by 18.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,244 shares of the company’s stock after selling 21,162 shares during the quarter. Arkadios Wealth Advisors’ holdings in Ambev were worth $222,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Abacus Wealth Partners LLC bought a new stake in Ambev during the second quarter valued at about $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Ambev during the first quarter worth about $26,000. U.S. Capital Wealth Advisors LLC bought a new stake in Ambev during the 1st quarter valued at approximately $28,000. Signaturefd LLC lifted its holdings in Ambev by 63.2% in the 2nd quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock worth $31,000 after purchasing an additional 4,924 shares in the last quarter. Finally, M&T Bank Corp bought a new position in Ambev in the 1st quarter worth approximately $30,000. Institutional investors own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ABEV shares. Hsbc Global Res raised shares of Ambev to a “hold” rating in a report on Friday, August 1st. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. UBS Group dropped their price objective on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a report on Wednesday, August 20th. HSBC restated a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ambev in a research note on Thursday, October 30th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $2.35.

Ambev Price Performance

NYSE:ABEV opened at $2.41 on Friday. The firm has a market capitalization of $37.98 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.80. The business has a 50 day simple moving average of $2.25 and a 200-day simple moving average of $2.34. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.63.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.97 billion. Ambev had a return on equity of 15.39% and a net margin of 16.18%. Equities analysts forecast that Ambev S.A. will post 0.18 EPS 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, 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.