Wealthstream Advisors Inc. Purchases Shares of 12,032 Ambev S.A. (NYSE:ABEV)

Wealthstream Advisors Inc. acquired a new position in shares of Ambev S.A. (NYSE:ABEV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,032 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds have also made changes to their positions in the business. HTLF Bank purchased a new position in Ambev during the third quarter worth about $26,000. Lake Street Advisors Group LLC acquired a new position in shares of Ambev during the 1st quarter valued at about $28,000. Riversedge Advisors LLC purchased a new position in shares of Ambev during the 3rd quarter worth about $31,000. Foster Group Inc. acquired a new stake in shares of Ambev in the third quarter worth approximately $33,000. Finally, BSW Wealth Partners purchased a new stake in Ambev in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Analysts Set New Price Targets

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

Ambev Stock Performance

NYSE ABEV opened at $2.22 on Thursday. The firm has a market capitalization of $34.97 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 6.91 and a beta of 1.06. 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 one year low of $2.01 and a one year high of $3.00. The company’s 50 day moving average price is $2.31 and its 200 day moving average price is $2.25.

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.