Sequoia Financial Advisors LLC Has $1.94 Million Stock Position in Ambev S.A. (NYSE:ABEV)

Sequoia Financial Advisors LLC increased its stake in Ambev S.A. (NYSE:ABEV) by 339.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 688,909 shares of the company’s stock after purchasing an additional 532,012 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Ambev were worth $1,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in Ambev by 8.9% in the 2nd quarter. LPL Financial LLC now owns 42,202 shares of the company’s stock worth $134,000 after purchasing an additional 3,464 shares during the period. 1900 Wealth Management LLC boosted its stake in Ambev by 8.4% in the 3rd quarter. 1900 Wealth Management LLC now owns 50,942 shares of the company’s stock worth $131,000 after purchasing an additional 3,953 shares during the period. Baron Wealth Management LLC boosted its stake in Ambev by 11.5% in the 4th quarter. Baron Wealth Management LLC now owns 38,362 shares of the company’s stock worth $107,000 after purchasing an additional 3,963 shares during the period. Peapack Gladstone Financial Corp lifted its position in Ambev by 4.9% during the 1st quarter. Peapack Gladstone Financial Corp now owns 85,567 shares of the company’s stock worth $241,000 after buying an additional 3,974 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Ambev by 0.8% during the 3rd quarter. Fifth Third Bancorp now owns 502,445 shares of the company’s stock worth $1,296,000 after buying an additional 3,985 shares in the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Stock Down 2.1 %

Shares of ABEV stock opened at $2.35 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.89. The firm’s 50-day moving average is $2.52 and its 200-day moving average is $2.64. The stock has a market cap of $37.01 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.41 and a beta of 1.08. Ambev S.A. has a 52-week low of $2.33 and a 52-week high of $3.23.

Ambev (NYSE:ABEV) last issued 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 net margin of 18.19% and a return on equity of 17.60%. Sell-side analysts predict that Ambev S.A. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

ABEV has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Ambev in a research report on Friday, January 26th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Finally, Barclays cut shares of Ambev from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $3.50 to $3.00 in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ambev currently has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Ambev Profile

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.