SVB Wealth LLC Invests $34,000 in Ambev S.A. (NYSE:ABEV)

SVB Wealth LLC bought a new stake in Ambev S.A. (NYSE:ABEV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,105 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. acquired a new stake in Ambev in the 3rd quarter valued at about $26,000. Ieq Capital LLC purchased a new position in Ambev during the third quarter worth approximately $27,000. West Family Investments Inc. acquired a new position in Ambev during the third quarter worth $32,000. Hartford Financial Management Inc. grew its holdings in Ambev by 49.9% in the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock valued at $36,000 after buying an additional 4,238 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Ambev by 37.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,021 shares of the company’s stock worth $41,000 after acquiring an additional 4,348 shares during the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Ambev Price Performance

Shares of ABEV opened at $2.30 on Wednesday. The firm has a 50-day simple moving average of $2.48 and a two-hundred day simple moving average of $2.63. The stock has a market cap of $36.15 billion, a PE ratio of 12.75, a P/E/G ratio of 2.31 and a beta of 1.08. Ambev S.A. has a 1-year low of $2.23 and a 1-year high of $3.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Ambev had a net margin of 18.19% and a return on equity of 17.60%. The firm had revenue of $4.04 billion during the quarter. As a group, analysts forecast that Ambev S.A. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

ABEV has been the subject of a number of analyst reports. Barclays lowered shares of Ambev from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $3.50 to $3.00 in a report on Monday, March 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a report on Friday, March 1st. Finally, StockNews.com assumed coverage on Ambev in a report on Friday, January 26th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.20.

Ambev 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.