MH & Associates Securities Management Corp ADV Invests $1.73 Million in Ambev S.A. $ABEV

MH & Associates Securities Management Corp ADV bought a new position in shares of Ambev S.A. (NYSE:ABEV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 699,168 shares of the company’s stock, valued at approximately $1,727,000.

A number of other hedge funds have also modified their holdings of the business. Perigon Wealth Management LLC lifted its holdings in Ambev by 34.3% in the 4th quarter. Perigon Wealth Management LLC now owns 15,411 shares of the company’s stock valued at $38,000 after purchasing an additional 3,936 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Ambev by 3.4% during the 3rd quarter. Blair William & Co. IL now owns 140,579 shares of the company’s stock worth $313,000 after purchasing an additional 4,557 shares during the period. West Family Investments Inc. lifted its stake in shares of Ambev by 10.4% during the 3rd quarter. West Family Investments Inc. now owns 51,819 shares of the company’s stock worth $116,000 after purchasing an additional 4,891 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Ambev by 4.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 111,999 shares of the company’s stock worth $258,000 after purchasing an additional 5,091 shares during the period. Finally, Burford Brothers Inc. lifted its stake in shares of Ambev by 1.0% during the 3rd quarter. Burford Brothers Inc. now owns 539,111 shares of the company’s stock worth $1,202,000 after purchasing an additional 5,177 shares during the period. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Trading Up 3.9%

Shares of ABEV opened at $3.09 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $48.61 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. The stock’s fifty day simple moving average is $2.96 and its 200 day simple moving average is $2.61. Ambev S.A. has a twelve month low of $2.10 and a twelve month high of $3.24.

Ambev (NYSE:ABEV) last issued its earnings results on Friday, February 13th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.28 billion. Ambev had a return on equity of 16.41% and a net margin of 17.75%. On average, equities research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays increased their price target on Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Weiss Ratings raised Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen lowered shares of Ambev from a “buy” rating to a “hold” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.69.

Ambev Company Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.