XTX Topco Ltd Buys Shares of 295,439 Ambev S.A. (NYSE:ABEV)

XTX Topco Ltd purchased a new stake in Ambev S.A. (NYSE:ABEV) during the second quarter, according to its most recent filing with the SEC. The firm purchased 295,439 shares of the company’s stock, valued at approximately $606,000.

Other large investors have also recently made changes to their positions in the company. Radnor Capital Management LLC purchased a new position in Ambev in the first quarter worth $25,000. Lake Street Advisors Group LLC acquired a new position in Ambev during the 1st quarter valued at about $28,000. IPG Investment Advisors LLC purchased a new stake in Ambev in the fourth quarter valued at about $30,000. HighPoint Advisor Group LLC acquired a new stake in Ambev in the fourth quarter worth about $31,000. Finally, Abacus Wealth Partners LLC purchased a new stake in shares of Ambev during the first quarter worth about $38,000. 8.13% of the stock is owned by institutional investors.

Ambev Stock Performance

Shares of NYSE ABEV opened at $2.31 on Tuesday. The company has a 50 day simple moving average of $2.26 and a two-hundred day simple moving average of $2.28. The stock has a market cap of $36.39 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 5.27 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.56 billion. Ambev had a return on equity of 16.94% and a net margin of 17.93%. During the same period last year, the firm earned $0.03 EPS. As a group, analysts predict that Ambev S.A. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a research note 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 for the company in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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, 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.