Natixis Advisors LLC Buys 684,439 Shares of Ambev S.A. (NYSE:ABEV)

Natixis Advisors LLC raised its stake in Ambev S.A. (NYSE:ABEV - Free Report) by 72.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,624,633 shares of the company's stock after acquiring an additional 684,439 shares during the period. Natixis Advisors LLC's holdings in Ambev were worth $3,964,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ABEV. HTLF Bank acquired a new position in shares of Ambev during the 3rd quarter worth $26,000. Wealthstream Advisors Inc. bought a new stake in shares of Ambev during the third quarter worth $29,000. Riversedge Advisors LLC acquired a new position in shares of Ambev during the third quarter worth $31,000. Foster Group Inc. acquired a new stake in shares of Ambev during the 3rd quarter valued at $33,000. Finally, BSW Wealth Partners bought a new stake in Ambev during the 3rd quarter worth $33,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Trading Up 1.9 %

Shares of ABEV stock traded up $0.04 during trading hours on Friday, hitting $2.19. 12,429,315 shares of the company were exchanged, compared to its average volume of 20,367,736. The firm has a market cap of $34.50 billion, a P/E ratio of 12.17, a P/E/G ratio of 6.69 and a beta of 1.06. 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 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ABEV. UBS Group cut their price target on Ambev from $3.20 to $2.90 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. StockNews.com assumed coverage on shares of Ambev in a research note on Friday, October 18th. They issued a "buy" rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2.70.

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.