Ambev S.A. (NYSE:ABEV) Shares Purchased by West Family Investments Inc.

West Family Investments Inc. increased its stake in shares of Ambev S.A. (NYSE:ABEV) by 333.4% in the third quarter, HoldingsChannel.com reports. The firm owned 55,184 shares of the company’s stock after buying an additional 42,450 shares during the period. West Family Investments Inc.’s holdings in Ambev were worth $135,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC boosted its holdings in Ambev by 41.5% during the 3rd quarter. OneAscent Financial Services LLC now owns 28,417 shares of the company’s stock valued at $69,000 after acquiring an additional 8,340 shares during the period. Baron Wealth Management LLC boosted its stake in shares of Ambev by 40.1% in the third quarter. Baron Wealth Management LLC now owns 53,737 shares of the company’s stock valued at $131,000 after purchasing an additional 15,375 shares during the period. Natixis Advisors LLC grew its holdings in shares of Ambev by 72.8% in the third quarter. Natixis Advisors LLC now owns 1,624,633 shares of the company’s stock valued at $3,964,000 after purchasing an additional 684,439 shares in the last quarter. Altrius Capital Management Inc purchased a new stake in Ambev during the 3rd quarter worth approximately $8,630,000. Finally, Empowered Funds LLC acquired a new stake in Ambev during the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Price Performance

Shares of ABEV opened at $2.17 on Thursday. The firm has a market capitalization of $34.11 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 6.88 and a beta of 1.06. The firm’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $2.25. Ambev S.A. has a twelve month low of $2.01 and a twelve month high of $3.00. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Analysts Set New Price Targets

Several research firms have commented on ABEV. UBS Group dropped their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday, July 31st. StockNews.com assumed coverage on Ambev in a research note on Friday, October 18th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.75.

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.