Werba Rubin Papier Wealth Management Makes New Investment in Ambev S.A. (NYSE:ABEV)

Werba Rubin Papier Wealth Management acquired a new position in Ambev S.A. (NYSE:ABEV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,281 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds also recently modified their holdings of the company. Radnor Capital Management LLC bought a new position in shares of Ambev during the 1st quarter worth approximately $25,000. HTLF Bank bought a new position in shares of Ambev during the 3rd quarter worth approximately $26,000. Lake Street Advisors Group LLC bought a new position in shares of Ambev during the 1st quarter worth approximately $28,000. HighPoint Advisor Group LLC bought a new position in shares of Ambev during the 4th quarter worth approximately $31,000. Finally, Riversedge Advisors LLC bought a new position in shares of Ambev during the 3rd quarter worth approximately $31,000. Institutional investors own 8.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com assumed coverage on Ambev in a research report on Friday. They set a “buy” rating for the company. UBS Group dropped their price target on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.75.

Ambev Trading Down 0.9 %

ABEV stock opened at $2.28 on Monday. The business has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.27. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 5.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.78.

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

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.