Ambev S.A. (NYSE:ABEV) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its position in Ambev S.A. (NYSE:ABEV) by 16.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 910,885 shares of the company’s stock after acquiring an additional 128,439 shares during the quarter. Bank of Montreal Can’s holdings in Ambev were worth $2,186,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cetera Advisors LLC purchased a new stake in Ambev during the 1st quarter valued at approximately $156,000. CHICAGO TRUST Co NA acquired a new position in Ambev in the 2nd quarter valued at $129,000. Unison Advisors LLC raised its position in Ambev by 2.9% during the 2nd quarter. Unison Advisors LLC now owns 298,463 shares of the company’s stock worth $612,000 after buying an additional 8,500 shares during the last quarter. GSG Advisors LLC lifted its stake in shares of Ambev by 732.4% in the 2nd quarter. GSG Advisors LLC now owns 497,718 shares of the company’s stock worth $1,015,000 after acquiring an additional 437,922 shares during the period. Finally, Welch Group LLC raised its holdings in Ambev by 148.3% during the second quarter. Welch Group LLC now owns 44,191 shares of the company’s stock worth $91,000 after purchasing an additional 26,396 shares in the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2.70.

Ambev Trading Up 3.8 %

Shares of Ambev stock opened at $2.35 on Friday. The company has a 50-day moving average of $2.27 and a two-hundred day moving average of $2.23. The stock has a market cap of $36.94 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05. The company has a current ratio of 1.20, a quick ratio of 0.89 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 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.