Mesirow Financial Investment Management Inc. Takes Position in Ambev S.A. (NYSE:ABEV)

Mesirow Financial Investment Management Inc. acquired a new position in shares of Ambev S.A. (NYSE:ABEV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,500 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. HTLF Bank purchased a new stake in Ambev in the third quarter valued at $26,000. Lake Street Advisors Group LLC acquired a new position in Ambev in the first quarter valued at about $28,000. Riversedge Advisors LLC purchased a new position in Ambev during the third quarter worth about $31,000. Foster Group Inc. acquired a new stake in shares of Ambev during the third quarter valued at about $33,000. Finally, BSW Wealth Partners purchased a new stake in shares of Ambev in the 3rd quarter valued at approximately $33,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABEV has been the subject of a number of research analyst reports. StockNews.com assumed coverage on shares of Ambev in a research report on Friday, October 18th. They set a “buy” rating for the company. UBS Group lowered their price target on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.75.

Ambev Price Performance

Ambev stock opened at $2.22 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 52-week low of $2.01 and a 52-week high of $3.00. The firm has a market cap of $34.97 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 6.91 and a beta of 1.06. The company’s 50 day moving average is $2.32 and its two-hundred day moving average is $2.25.

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.