Assetmark Inc. Purchases 221,451 Shares of Ambev S.A. $ABEV

Assetmark Inc. lifted its position in shares of Ambev S.A. (NYSE:ABEV) by 69.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 540,269 shares of the company’s stock after purchasing an additional 221,451 shares during the period. Assetmark Inc.’s holdings in Ambev were worth $1,334,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Oxbow Advisors LLC purchased a new stake in Ambev during the third quarter worth about $2,805,000. Ashton Thomas Private Wealth LLC increased its holdings in Ambev by 118.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,659,347 shares of the company’s stock worth $5,986,000 after buying an additional 1,443,232 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Ambev by 12.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 36,058,376 shares of the company’s stock worth $80,410,000 after buying an additional 3,864,844 shares during the last quarter. Kapitalo Investimentos Ltda increased its holdings in Ambev by 216.3% during the third quarter. Kapitalo Investimentos Ltda now owns 1,784,142 shares of the company’s stock worth $3,979,000 after buying an additional 1,220,006 shares during the last quarter. Finally, Eldred Rock Partners LLC increased its holdings in Ambev by 11.6% during the third quarter. Eldred Rock Partners LLC now owns 3,962,046 shares of the company’s stock worth $8,926,000 after buying an additional 412,189 shares during the last quarter. 8.13% of the stock is owned by institutional investors.

Ambev Price Performance

ABEV opened at $3.09 on Wednesday. The company has a market capitalization of $48.62 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.20 and a beta of 0.65. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $3.00 and a 200-day moving average price of $2.67. Ambev S.A. has a twelve month low of $2.10 and a twelve month high of $3.24.

Ambev (NYSE:ABEV) last posted its earnings results on Friday, February 13th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.28 billion. Ambev had a net margin of 17.75% and a return on equity of 16.41%. Equities analysts expect that Ambev S.A. will post 0.19 EPS for the current year.

Insider Buying and Selling at Ambev

In other news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of Ambev stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $2.85, for a total value of $434,300.10. Following the completion of the transaction, the insider owned 223,340 shares in the company, valued at $636,519. This trade represents a 40.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

A number of analysts recently issued reports on ABEV shares. UBS Group set a $2.65 price objective on shares of Ambev and gave the stock a “sell” rating in a report on Thursday, April 16th. Barclays raised their price objective on shares of Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. Wall Street Zen downgraded shares of Ambev from a “buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings upgraded shares of Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ambev currently has a consensus rating of “Hold” and a consensus price target of $2.84.

About Ambev

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.