Ambev S.A. (NYSE:ABEV) Shares Acquired by Malaga Cove Capital LLC

Malaga Cove Capital LLC boosted its position in shares of Ambev S.A. (NYSE:ABEV) by 46.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,719 shares of the company’s stock after purchasing an additional 52,268 shares during the period. Malaga Cove Capital LLC’s holdings in Ambev were worth $461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its stake in shares of Ambev by 11.5% during the 4th quarter. Baron Wealth Management LLC now owns 38,362 shares of the company’s stock valued at $107,000 after buying an additional 3,963 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Ambev by 0.8% in the 3rd quarter. Fifth Third Bancorp now owns 502,445 shares of the company’s stock worth $1,296,000 after purchasing an additional 3,985 shares during the last quarter. Hartford Financial Management Inc. raised its stake in shares of Ambev by 49.9% in the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock valued at $36,000 after purchasing an additional 4,238 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Ambev by 37.2% during the third quarter. Rehmann Capital Advisory Group now owns 16,021 shares of the company’s stock worth $41,000 after purchasing an additional 4,348 shares during the last quarter. Finally, Jeppson Wealth Management LLC grew its stake in Ambev by 11.8% in the third quarter. Jeppson Wealth Management LLC now owns 41,755 shares of the company’s stock worth $108,000 after purchasing an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

NYSE:ABEV traded up $0.02 during midday trading on Friday, reaching $2.43. 5,538,814 shares of the company traded hands, compared to its average volume of 12,479,383. The firm has a market capitalization of $38.27 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07. The company has a fifty day moving average price of $2.44 and a 200 day moving average price of $2.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66. Ambev S.A. has a twelve month low of $2.23 and a twelve month high of $3.23.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $4.04 billion for the quarter. Ambev had a return on equity of 17.60% and a net margin of 18.19%. On average, analysts expect that Ambev S.A. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

ABEV has been the topic of several research reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. StockNews.com began coverage on Ambev in a research report on Friday, January 26th. They set a “buy” rating on the stock. Finally, Barclays downgraded shares of Ambev from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $3.50 to $3.00 in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.20.

About Ambev

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.