Sagil Capital LLP Takes Position in Ambev S.A. (NYSE:ABEV)

Sagil Capital LLP purchased a new position in Ambev S.A. (NYSE:ABEV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,274,170 shares of the company’s stock, valued at approximately $8,762,000. Ambev accounts for about 4.5% of Sagil Capital LLP’s investment portfolio, making the stock its 5th biggest holding.

A number of other hedge funds also recently bought and sold shares of the business. Radnor Capital Management LLC purchased a new position in Ambev in the 1st quarter valued at $25,000. Lake Street Advisors Group LLC purchased a new stake in Ambev during the 1st quarter valued at about $28,000. IPG Investment Advisors LLC purchased a new stake in Ambev during the 4th quarter valued at about $30,000. HighPoint Advisor Group LLC purchased a new position in Ambev during the fourth quarter worth approximately $31,000. Finally, Abacus Wealth Partners LLC purchased a new stake in Ambev in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ABEV shares. UBS Group lowered 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. StockNews.com lowered Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Stock Performance

NYSE ABEV opened at $2.38 on Wednesday. The business has a fifty day moving average of $2.24 and a 200-day moving average of $2.29. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The stock has a market cap of $37.42 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 5.27 and a beta of 1.05.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 16.94% and a net margin of 17.93%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, analysts predict that Ambev S.A. will post 0.17 earnings per share for the current fiscal year.

Ambev Company 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.