Bfsg LLC Makes New $135,000 Investment in Ambev S.A. (NYSE:ABEV)

Bfsg LLC acquired a new stake in Ambev S.A. (NYSE:ABEV) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 65,700 shares of the company’s stock, valued at approximately $135,000.

Other large investors also recently modified their holdings of the company. IPG Investment Advisors LLC acquired a new stake in Ambev in the 4th quarter valued at $30,000. Radnor Capital Management LLC acquired a new stake in shares of Ambev in the 1st quarter valued at $25,000. HighPoint Advisor Group LLC bought a new stake in shares of Ambev in the 4th quarter worth about $31,000. Lake Street Advisors Group LLC acquired a new stake in shares of Ambev during the 1st quarter worth about $28,000. Finally, IRON Financial LLC bought a new position in Ambev during the 1st quarter valued at about $33,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Price Performance

Shares of ABEV stock traded down $0.05 during trading hours on Thursday, reaching $2.29. 13,183,690 shares of the company were exchanged, compared to its average volume of 16,715,945. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.69. The stock’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.31. 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 market cap of $36.00 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 3.14 and a beta of 1.06.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.56 billion. Ambev had a return on equity of 17.16% and a net margin of 17.93%. During the same quarter in the previous year, the company posted $0.03 earnings per share. Sell-side analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on ABEV. Barclays decreased their price objective on shares of Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. UBS Group decreased their price target on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.75.

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.