Jeppson Wealth Management LLC Lowers Stock Position in Ambev S.A. (NYSE:ABEV)

Jeppson Wealth Management LLC cut its holdings in shares of Ambev S.A. (NYSE:ABEV) by 68.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,700 shares of the company’s stock after selling 172,300 shares during the period. Jeppson Wealth Management LLC’s holdings in Ambev were worth $161,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ABEV. CWM LLC grew its position in shares of Ambev by 57.6% during the fourth quarter. CWM LLC now owns 17,279 shares of the company’s stock worth $48,000 after acquiring an additional 6,314 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Ambev by 70.9% during the fourth quarter. First Trust Direct Indexing L.P. now owns 37,101 shares of the company’s stock worth $104,000 after acquiring an additional 15,396 shares during the last quarter. Natixis Advisors L.P. grew its position in Ambev by 13.5% in the 4th quarter. Natixis Advisors L.P. now owns 1,441,746 shares of the company’s stock valued at $4,036,000 after buying an additional 171,247 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Ambev in the 4th quarter valued at $126,000. Finally, Sapient Capital LLC purchased a new position in Ambev in the 4th quarter valued at $94,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Price Performance

Ambev stock traded up $0.02 during midday trading on Friday, reaching $2.34. The company’s stock had a trading volume of 2,755,388 shares, compared to its average volume of 16,692,383. 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 debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.11. The stock’s 50 day simple moving average is $2.20 and its 200 day simple moving average is $2.30. The firm has a market capitalization of $36.86 billion, a PE ratio of 12.26, a P/E/G ratio of 5.04 and a beta of 1.06.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 16.94% and a net margin of 17.93%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the company earned $0.03 earnings per share. On average, equities research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

ABEV has been the topic of a number of analyst reports. StockNews.com lowered shares of Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group lowered their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Barclays lowered 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 report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.75.

About Ambev

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.