Aprio Wealth Management LLC Makes New $46,000 Investment in Ambev S.A. (NYSE:ABEV)

Aprio Wealth Management LLC bought a new stake in shares of Ambev S.A. (NYSE:ABEV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,955 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABEV. Neuberger Berman Group LLC increased its position in Ambev by 4.3% during the 4th quarter. Neuberger Berman Group LLC now owns 441,094 shares of the company’s stock valued at $1,235,000 after purchasing an additional 18,137 shares during the period. Clear Street Markets LLC purchased a new position in shares of Ambev during the fourth quarter valued at about $435,000. Virtu Financial LLC bought a new position in Ambev in the fourth quarter worth about $264,000. HighPoint Advisor Group LLC purchased a new stake in Ambev in the fourth quarter worth about $31,000. Finally, NBC Securities Inc. boosted its position in Ambev by 29.4% during the 1st quarter. NBC Securities Inc. now owns 102,236 shares of the company’s stock valued at $253,000 after acquiring an additional 23,246 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ABEV shares. UBS Group decreased their target price on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com downgraded Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.75.

Ambev Stock Performance

Ambev stock opened at $2.37 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 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $37.34 billion, a P/E ratio of 12.47, a PEG ratio of 5.23 and a beta of 1.05. The stock’s 50 day moving average is $2.32 and its 200 day moving average is $2.27.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Ambev had a return on equity of 16.94% and a net margin of 17.93%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts predict that Ambev S.A. will post 0.17 earnings per share for the current fiscal year.

Ambev Company Profile

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.