Wealthstream Advisors Inc. Buys New Position in Ambev S.A. (NYSE:ABEV)

Wealthstream Advisors Inc. purchased a new position 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. The fund purchased 12,032 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HTLF Bank purchased a new stake in shares of Ambev during the third quarter valued at approximately $26,000. Lake Street Advisors Group LLC acquired a new stake in Ambev during the 1st quarter valued at $28,000. Riversedge Advisors LLC purchased a new stake in Ambev during the 3rd quarter worth $31,000. Foster Group Inc. acquired a new position in Ambev in the 3rd quarter worth $33,000. Finally, BSW Wealth Partners acquired a new position in Ambev in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

ABEV opened at $2.22 on Thursday. The company has a market capitalization of $34.97 billion, a P/E ratio of 12.33, a PEG ratio of 6.91 and a beta of 1.06. The company has a 50-day moving average of $2.31 and a 200-day moving average of $2.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev S.A. has a 1-year low of $2.01 and a 1-year high of $3.00.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ABEV shares. UBS Group dropped their target price on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com began coverage on Ambev in a research note on Friday, October 18th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Ambev currently has a consensus rating of “Hold” and an average price target of $2.75.

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.