OneDigital Investment Advisors LLC Boosts Stock Position in Ambev S.A. (NYSE:ABEV)

OneDigital Investment Advisors LLC increased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 45.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,227 shares of the company’s stock after buying an additional 5,979 shares during the period. OneDigital Investment Advisors LLC’s holdings in Ambev were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. HTLF Bank purchased a new position in Ambev during the third quarter valued at $26,000. Wealthstream Advisors Inc. purchased a new position in Ambev in the 3rd quarter valued at about $29,000. Riversedge Advisors LLC acquired a new stake in Ambev in the 3rd quarter worth about $31,000. Foster Group Inc. acquired a new stake in Ambev in the 3rd quarter worth about $33,000. Finally, BSW Wealth Partners purchased a new stake in Ambev during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Up 1.9 %

ABEV stock opened at $2.19 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $2.29 and a two-hundred day moving average of $2.24. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. The company has a market cap of $34.50 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 6.69 and a beta of 1.06.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ABEV shares. StockNews.com began coverage on Ambev in a research note on Friday, October 18th. They issued a “buy” rating on the stock. UBS Group decreased 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. Three 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, Ambev currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.70.

Ambev 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.