Oppenheimer Asset Management Inc. Has $2.61 Million Holdings in Ambev S.A. (NYSE:ABEV)

Oppenheimer Asset Management Inc. lifted its position in shares of Ambev S.A. (NYSE:ABEV) by 32.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,067,893 shares of the company’s stock after purchasing an additional 258,875 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ambev were worth $2,606,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ABEV. Prime Capital Investment Advisors LLC raised its holdings in Ambev by 37.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after buying an additional 4,861 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Ambev by 25.0% in the 2nd quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock worth $50,000 after acquiring an additional 4,900 shares during the last quarter. UMB Bank n.a. lifted its position in Ambev by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock valued at $45,000 after acquiring an additional 4,984 shares in the last quarter. SG Americas Securities LLC boosted its stake in Ambev by 12.5% during the 1st quarter. SG Americas Securities LLC now owns 46,857 shares of the company’s stock valued at $116,000 after purchasing an additional 5,217 shares during the last quarter. Finally, Endowment Wealth Management Inc. increased its holdings in Ambev by 26.1% during the 2nd quarter. Endowment Wealth Management Inc. now owns 25,933 shares of the company’s stock worth $53,000 after purchasing an additional 5,368 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ABEV has been the topic of several analyst reports. StockNews.com began coverage on Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. UBS Group reduced their target price 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Stock Performance

Shares of ABEV opened at $2.21 on Friday. The stock has a 50 day moving average of $2.31 and a 200 day moving average of $2.25. The company has a market capitalization of $34.82 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 6.91 and a beta of 1.06. Ambev S.A. has a 12 month low of $2.01 and a 12 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.

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.