Ambev S.A. (NYSE:ABEV) Shares Acquired by Bfsg LLC

Bfsg LLC boosted its holdings in Ambev S.A. (NYSE:ABEV) by 70.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,000 shares of the company’s stock after acquiring an additional 46,300 shares during the period. Bfsg LLC’s holdings in Ambev were worth $273,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Ambev in the 4th quarter valued at $264,000. HighPoint Advisor Group LLC acquired a new position in Ambev in the fourth quarter valued at about $31,000. NBC Securities Inc. boosted its stake in Ambev by 29.4% during the first quarter. NBC Securities Inc. now owns 102,236 shares of the company’s stock worth $253,000 after buying an additional 23,246 shares during the period. Wynn Capital LLC acquired a new stake in shares of Ambev during the first quarter valued at about $60,000. Finally, Eldred Rock Partners LLC raised its stake in shares of Ambev by 4.1% in the 1st quarter. Eldred Rock Partners LLC now owns 477,913 shares of the company’s stock valued at $1,185,000 after acquiring an additional 18,881 shares during the period. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ABEV. UBS Group lowered their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com began coverage on Ambev in a research note on Friday. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ambev currently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Price Performance

Shares of ABEV opened at $2.30 on Friday. The company has a market cap of $36.23 billion, a P/E ratio of 12.11, a PEG ratio of 5.34 and a beta of 1.05. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.27.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 16.94% and a net margin of 17.93%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, research analysts forecast that Ambev S.A. will post 0.17 earnings per share for the current fiscal year.

Ambev 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.