Winthrop Advisory Group LLC Acquires Shares of 15,514 Ambev S.A. (NYSE:ABEV)

Winthrop Advisory Group LLC bought a new position in Ambev S.A. (NYSE:ABEV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,514 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABEV. HTLF Bank acquired a new stake in shares of Ambev during the third quarter worth $26,000. Lake Street Advisors Group LLC purchased a new stake in Ambev during the 1st quarter valued at about $28,000. Riversedge Advisors LLC acquired a new stake in shares of Ambev in the third quarter valued at approximately $31,000. Foster Group Inc. purchased a new stake in Ambev during the 3rd quarter worth approximately $33,000. Finally, BSW Wealth Partners acquired a new stake in Ambev in the 3rd quarter valued at about $33,000. Institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

ABEV has been the topic of several research reports. UBS Group dropped their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday, July 31st. StockNews.com assumed coverage on Ambev in a research note on Friday, October 18th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ambev has a consensus rating of “Hold” and an average target price of $2.75.

Ambev Trading Up 0.7 %

Shares of NYSE ABEV opened at $2.23 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $2.32 and its 200 day simple moving average is $2.26. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 5.25 and a beta of 1.06. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $3.00.

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.