Team Hewins LLC Makes New $505,000 Investment in Ambev S.A. (NYSE:ABEV)

Team Hewins LLC purchased a new stake in Ambev S.A. (NYSE:ABEV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 171,225 shares of the company’s stock, valued at approximately $505,000.

Other institutional investors have also recently bought and sold shares of the company. Hohimer Wealth Management LLC lifted its position in Ambev by 1.4% in the 4th quarter. Hohimer Wealth Management LLC now owns 1,004,887 shares of the company’s stock valued at $2,814,000 after acquiring an additional 14,099 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Ambev by 338.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 18,602 shares of the company’s stock worth $52,000 after purchasing an additional 14,362 shares during the last quarter. Brandes Investment Partners LP grew its stake in Ambev by 76.5% in the 4th quarter. Brandes Investment Partners LP now owns 9,221,394 shares of the company’s stock valued at $25,820,000 after buying an additional 3,997,079 shares during the last quarter. Balentine LLC grew its stake in Ambev by 21.5% in the 4th quarter. Balentine LLC now owns 218,144 shares of the company’s stock valued at $611,000 after buying an additional 38,566 shares during the last quarter. Finally, Motco grew its stake in Ambev by 146.1% in the 4th quarter. Motco now owns 152,973 shares of the company’s stock valued at $428,000 after buying an additional 90,807 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Performance

ABEV traded up $0.01 during midday trading on Friday, reaching $2.29. The company had a trading volume of 7,324,751 shares, compared to its average volume of 12,494,301. The business has a 50-day moving average price of $2.39 and a two-hundred day moving average price of $2.60. Ambev S.A. has a 12-month low of $2.23 and a 12-month high of $3.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.99. The stock has a market cap of $36.08 billion, a PE ratio of 12.03, a P/E/G ratio of 3.40 and a beta of 1.07.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $4.04 billion for the quarter. Ambev had a net margin of 18.25% and a return on equity of 17.53%. On average, sell-side analysts expect that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ABEV. Barclays decreased their target price on shares of Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. Finally, StockNews.com upgraded shares of Ambev from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ambev has an average rating of “Moderate Buy” and a consensus target price of $3.03.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.