GAM Holding AG Takes $71,000 Position in Ambev S.A. (NYSE:ABEV)

GAM Holding AG acquired a new position in shares of Ambev S.A. (NYSE:ABEV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,000 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HTLF Bank acquired a new stake in Ambev in the third quarter valued at $26,000. Lake Street Advisors Group LLC purchased a new stake in shares of Ambev in the 1st quarter worth about $28,000. Riversedge Advisors LLC acquired a new stake in Ambev in the 3rd quarter valued at about $31,000. Foster Group Inc. purchased a new position in Ambev during the 3rd quarter valued at about $33,000. Finally, Traveka Wealth LLC increased its holdings in Ambev by 53.3% during the 3rd quarter. Traveka Wealth LLC now owns 17,754 shares of the company’s stock valued at $43,000 after acquiring an additional 6,171 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABEV. UBS Group lowered their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com initiated 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. Based on data from MarketBeat, Ambev presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Ambev Stock Performance

Shares of NYSE ABEV opened at $2.25 on Thursday. The company has a 50-day simple moving average of $2.35 and a 200-day simple moving average of $2.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.78. The company has a market cap of $35.45 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 5.34 and a beta of 1.05. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Ambev had a net margin of 17.93% and a return on equity of 16.94%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the company earned $0.03 EPS. On average, equities analysts anticipate that Ambev S.A. will post 0.17 earnings per share for the current year.

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.