Goldman Sachs Penny Stocks: Top 5 Stock Picks

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1. Ambev S.A. (NYSE:ABEV)

Number of Hedge Fund Investors In Q4 2023: 20

Current Share Price: $2.60

Goldman Sachs’s Q4 2023 Investment: $172 million

Ambev S.A. (NYSE:ABEV) is the well known Brazilian beer and non alcoholic beverage company headquartered in Sao Paulo, Brazil. The shares are rated Buy on average and the average analyst share price target is $3.43.

13 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had held a stake in Ambev S.A. (NYSE:ABEV). Jean-Marie Eveillard’s First Eagle Investment Management was the largest shareholder courtesy of its $876 million investment.

Follow Ambev S.a. (NYSE:ABEV)

Disclosure: None. You can also take a look at 12 Best Blue Chip Stocks To Invest In According to Hedge Funds and 20 Best Weed Strains to Try in 2024.

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