Two Stocks To Tuck Away: Ambev S.A. (ABEV), The Kraft Heinz Company (KHC)

    The shares of Ambev S.A. (NYSE:ABEV) has been pegged with a rating of Equal Weight by Barclays in its latest research note that was published on August 27th, 2019. Barclays wasn’t the only research firm that published a report of Ambev S.A., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on July 26th, 2019, to Neutral the ABEV stock. The stock had earned Neutral rating from BofA/Merrill when it published its report on May 21st, 2019. The stock was given Underweight rating by JP Morgan in its report released on October 25th, 2018. Barclays was of a view that ABEV is Equal Weight in its latest report on October 27th, 2017 while giving it a price target of $7. Credit Suisse thinks that ABEV is worth Outperform rating. This was contained in the firm’s report on September 12th, 2017.

    The consensus currently stands at a Hold while its average price target is $5.50. The price of the stock the last time has raised by 21.49% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 43.95.

    The shares of the company added by 3.15% during the trading session on Wednesday, reaching a low of $4.50 while ending the day at $4.58. During the trading session, a total of 19.27 million shares were traded which represents a 24.51% incline from the average session volume which is 25.52M shares. ABEV had ended its last session trading at 4.44. Ambev S.A. currently has a market cap of $72.03B while its P/E ratio stands at 26.02. ABEV 52-week low price stands at $3.77 while its 52-week high price is $5.45.

    Investment analysts at Guggenheim published a research note on August 9th, 2019 where it informed investors and clients that The Kraft Heinz Company (NASDAQ:KHC) is now rated as Sell. Their price target on the stock stands at $25. JP Morgan also rated KHC as Upgrade on July 26th, 2019, with its price target of $6 suggesting that KHC could surge by 9.79% from its current share price. Even though the stock has been trading at $26.06/share, analysts expect it to surge higher by 0.77% to reach $29.11/share. It started the day trading at $26.36 and traded between $25.91 and $26.26 throughout the trading session.

    A look at its technical shows that KHC’s 50-day SMA is 29.11 while its 200-day SMA stands at 36.27. At the moment, only of The Kraft Heinz Company shares were sold short. The company’s average trading volume currently stands at 9.20M shares, which means that the short-interest ratio is just 2.65 days. Over the past seven days, the company moved, with its shift of 5.04%. Looking further, the stock has dropped -7.76% over the past 90 days while it lost -20.09% over the last six months.

    The Vanguard Group Inc meanwhile bought more KHC shares in the recently filed quarter, changing its stake to $1,521,291,159 worth of shares. SSgA Funds Management Inc followed the path by increasing its KHC portfolio by +3.03% in the quarter. This means that SSgA Funds Management Inc bought 846,721 shares in the last quarter and now controls 28,831,287 shares of the KHC stock, with the valuation hitting $922,889,497.

    Similarly, Invesco Capital Management LLC increased its The Kraft Heinz Company shares by +3.37% during the recently filed quarter. After buying 487,571 shares in the last quarter, the firm now controls 14,963,641 shares of The Kraft Heinz Company which are valued at $478,986,148. In the same vein, Fidelity Management Research Co increased its The Kraft Heinz Company shares by during the most recent reported quarter. The firm bought 6,132,961 shares during the quarter which increased its stakes to 13,010,512 shares and is now valued at $416,466,489. Following these latest developments, around 0.20% of The Kraft Heinz Company stocks are owned by institutional investors and hedge funds.