Ambev S.A. (NYSE:ABEV) Shares Purchased by Caprock Group LLC

Caprock Group LLC boosted its stake in Ambev S.A. (NYSE:ABEV) by 57.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 55,575 shares of the company’s stock after buying an additional 20,223 shares during the period. Caprock Group LLC’s holdings in Ambev were worth $114,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. IPG Investment Advisors LLC acquired a new stake in shares of Ambev in the 4th quarter worth about $30,000. Radnor Capital Management LLC purchased a new stake in Ambev during the first quarter valued at about $25,000. HighPoint Advisor Group LLC purchased a new stake in shares of Ambev in the fourth quarter worth approximately $31,000. Lake Street Advisors Group LLC bought a new position in Ambev during the first quarter valued at approximately $28,000. Finally, Abacus Wealth Partners LLC bought a new position in Ambev during the first quarter valued at approximately $38,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABEV has been the subject of several research analyst reports. StockNews.com cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. UBS Group dropped their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Trading Up 0.4 %

Shares of ABEV stock opened at $2.31 on Friday. Ambev S.A. has a 52-week low of $2.01 and a 52-week high of $3.00. The stock has a market cap of $36.39 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 5.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.11. The firm has a fifty day moving average of $2.23 and a 200-day moving average of $2.29.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Ambev had a net margin of 17.93% and a return on equity of 16.94%. During the same quarter in the prior year, the company posted $0.03 EPS. On average, equities research analysts forecast that Ambev S.A. will post 0.17 earnings per share for the current fiscal year.

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.