Creative Planning Purchases 40,257 Shares of Ambev S.A. (NYSE:ABEV)

Creative Planning grew its stake in Ambev S.A. (NYSE:ABEV) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,592 shares of the company’s stock after purchasing an additional 40,257 shares during the period. Creative Planning’s holdings in Ambev were worth $731,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC purchased a new stake in shares of Ambev in the first quarter worth approximately $28,000. Foster Group Inc. purchased a new stake in shares of Ambev in the third quarter worth approximately $33,000. Traveka Wealth LLC raised its holdings in shares of Ambev by 53.3% in the third quarter. Traveka Wealth LLC now owns 17,754 shares of the company’s stock worth $43,000 after buying an additional 6,171 shares during the period. UMB Bank n.a. raised its holdings in shares of Ambev by 37.4% in the third quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after buying an additional 4,984 shares during the period. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of Ambev in the second quarter worth approximately $46,000. 8.13% of the stock is owned by institutional investors.

Ambev Trading Down 1.4 %

Shares of NYSE:ABEV opened at $2.15 on Monday. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $3.00. The business’s fifty day simple moving average is $2.33 and its 200-day simple moving average is $2.26. The company has a market capitalization of $33.87 billion, a PE ratio of 11.94, a P/E/G ratio of 5.18 and a beta of 1.06. 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 (NYSE:ABEV) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The business 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 16.23% and a net margin of 17.02%. During the same period last year, the business posted $0.03 EPS. As a group, equities research analysts predict that Ambev S.A. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ABEV shares. StockNews.com started coverage on Ambev in a report on Friday, October 18th. They issued a “buy” rating on the stock. UBS Group reduced their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently 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.