Ambev S.A. (NYSE:ABEV) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in shares of Ambev S.A. (NYSE:ABEV) by 45.1% during the third quarter, Holdings Channel.com reports. The firm owned 19,227 shares of the company’s stock after buying an additional 5,979 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Ambev were worth $47,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. HTLF Bank acquired a new position in shares of Ambev in the 3rd quarter valued at $26,000. Wealthstream Advisors Inc. purchased a new stake in Ambev in the 3rd quarter valued at about $29,000. Riversedge Advisors LLC acquired a new position in Ambev in the third quarter valued at about $31,000. Foster Group Inc. purchased a new position in Ambev during the third quarter worth about $33,000. Finally, BSW Wealth Partners purchased a new position in Ambev during the third quarter worth about $33,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Stock Up 1.9 %

Shares of NYSE:ABEV opened at $2.19 on Friday. The firm has a market capitalization of $34.50 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 6.69 and a beta of 1.06. Ambev S.A. has a 1 year low of $2.01 and a 1 year high of $3.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The firm’s 50-day moving average is $2.29 and its two-hundred day moving average is $2.24.

Analyst Ratings Changes

ABEV has been the topic of several recent analyst reports. StockNews.com began coverage on shares of Ambev in a report on Friday, October 18th. They issued a “buy” rating on the stock. UBS Group cut their target price on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ambev currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.70.

About Ambev

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.