Ambev S.A. $ABEV Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in shares of Ambev S.A. (NYSE:ABEV) by 41.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,588,912 shares of the company’s stock after acquiring an additional 1,638,227 shares during the period. Exchange Traded Concepts LLC’s holdings in Ambev were worth $13,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ABEV. Foster Group Inc. acquired a new position in shares of Ambev during the fourth quarter valued at $30,000. Tuttle Capital Management LLC acquired a new stake in shares of Ambev in the 4th quarter worth about $239,000. Park National Corp OH acquired a new stake in shares of Ambev in the 4th quarter worth about $40,000. Park Avenue Securities LLC lifted its position in Ambev by 16.7% in the 4th quarter. Park Avenue Securities LLC now owns 60,977 shares of the company’s stock valued at $151,000 after purchasing an additional 8,729 shares during the last quarter. Finally, First Affirmative Financial Network lifted its position in Ambev by 20.9% in the 3rd quarter. First Affirmative Financial Network now owns 96,342 shares of the company’s stock valued at $215,000 after purchasing an additional 16,681 shares during the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Stock Performance

ABEV opened at $2.81 on Friday. The business has a 50 day moving average price of $2.93 and a two-hundred day moving average price of $2.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.96 and a quick ratio of 0.73. The company has a market capitalization of $44.20 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64. Ambev S.A. has a 1-year low of $2.10 and a 1-year high of $3.24.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Friday, February 13th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Ambev had a return on equity of 16.41% and a net margin of 17.75%.The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Research analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ABEV. Barclays upped their target price on shares of Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. Weiss Ratings raised Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded Ambev from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.69.

Ambev Company Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.