Sanctuary Advisors LLC Takes Position in Ambev S.A. (NYSE:ABEV)

Sanctuary Advisors LLC acquired a new position in Ambev S.A. (NYSE:ABEV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,769 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its holdings in Ambev by 25.0% in the second quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock worth $50,000 after buying an additional 4,900 shares during the last quarter. SG Americas Securities LLC increased its holdings in Ambev by 12.5% in the first quarter. SG Americas Securities LLC now owns 46,857 shares of the company’s stock worth $116,000 after buying an additional 5,217 shares during the last quarter. Endowment Wealth Management Inc. increased its holdings in Ambev by 26.1% in the second quarter. Endowment Wealth Management Inc. now owns 25,933 shares of the company’s stock worth $53,000 after buying an additional 5,368 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Ambev by 8.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 70,787 shares of the company’s stock worth $176,000 after buying an additional 5,767 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its holdings in Ambev by 24.1% in the first quarter. Janiczek Wealth Management LLC now owns 41,518 shares of the company’s stock worth $103,000 after buying an additional 8,051 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Down 0.9 %

Shares of Ambev stock opened at $2.28 on Friday. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $3.00. The stock has a market capitalization of $35.92 billion, a P/E ratio of 12.00, a PEG ratio of 5.34 and a beta of 1.05. The stock has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.27. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last announced its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a net margin of 17.93% and a return on equity of 16.94%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Equities analysts expect that Ambev S.A. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on ABEV. StockNews.com began coverage on Ambev in a report on Friday. They issued a “buy” rating on the stock. 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.