Baron Wealth Management LLC Buys 15,375 Shares of Ambev S.A. (NYSE:ABEV)

Baron Wealth Management LLC raised its stake in shares of Ambev S.A. (NYSE:ABEV) by 40.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,737 shares of the company’s stock after purchasing an additional 15,375 shares during the quarter. Baron Wealth Management LLC’s holdings in Ambev were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ABEV. HTLF Bank bought a new position in shares of Ambev during the 3rd quarter valued at $26,000. Lake Street Advisors Group LLC purchased a new stake in Ambev during the first quarter valued at about $28,000. Wealthstream Advisors Inc. bought a new position in shares of Ambev during the third quarter valued at about $29,000. Riversedge Advisors LLC purchased a new position in shares of Ambev in the third quarter worth about $31,000. Finally, Foster Group Inc. bought a new stake in shares of Ambev in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

Ambev stock opened at $2.18 on Wednesday. Ambev S.A. has a twelve month low of $2.01 and a twelve month high of $3.00. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $34.34 billion, a P/E ratio of 12.11, a PEG ratio of 6.88 and a beta of 1.06. The stock’s 50 day moving average is $2.30 and its 200 day moving average is $2.25.

Analysts Set New Price Targets

A number of brokerages have commented on ABEV. StockNews.com began coverage on Ambev in a research note on Friday, October 18th. They issued a “buy” rating on the stock. UBS Group lowered their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.75.

About Ambev

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.