Mesirow Financial Investment Management Inc. Invests $35,000 in Ambev S.A. (NYSE:ABEV)

Mesirow Financial Investment Management Inc. bought a new stake in Ambev S.A. (NYSE:ABEV) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 14,500 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in Ambev by 27.7% during the 2nd quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after buying an additional 7,412,395 shares during the last quarter. Seafarer Capital Partners LLC lifted its stake in Ambev by 12.3% during the second quarter. Seafarer Capital Partners LLC now owns 28,299,000 shares of the company’s stock worth $58,013,000 after purchasing an additional 3,100,000 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Ambev by 29.4% in the second quarter. Pzena Investment Management LLC now owns 18,385,312 shares of the company’s stock valued at $37,690,000 after purchasing an additional 4,179,978 shares in the last quarter. Brandes Investment Partners LP increased its stake in Ambev by 23.9% in the second quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock valued at $32,024,000 after purchasing an additional 2,982,621 shares during the last quarter. Finally, Kiltearn Partners LLP raised its holdings in Ambev by 43.3% during the second quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock worth $29,881,000 after purchasing an additional 4,407,800 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ABEV shares. UBS Group dropped their target price on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com assumed coverage on Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.75.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.22 on Thursday. Ambev S.A. has a 1-year low of $2.01 and a 1-year high of $3.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The stock has a market cap of $34.97 billion, a P/E ratio of 12.33, a P/E/G ratio of 6.91 and a beta of 1.06. The firm has a fifty day moving average price of $2.32 and a 200 day moving average price of $2.25.

About Ambev

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.