US Bancorp DE cut its position in Ambev S.A. (NYSE:ABEV – Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,003,729 shares of the company’s stock after selling 63,316 shares during the quarter. US Bancorp DE’s holdings in Ambev were worth $2,810,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC lifted its holdings in Ambev by 1.0% during the 4th quarter. First Eagle Investment Management LLC now owns 312,980,037 shares of the company’s stock valued at $876,344,000 after purchasing an additional 2,955,528 shares during the last quarter. Westwood Global Investments LLC lifted its holdings in Ambev by 3.1% during the 3rd quarter. Westwood Global Investments LLC now owns 107,182,643 shares of the company’s stock valued at $276,531,000 after purchasing an additional 3,229,411 shares during the last quarter. Ruffer LLP lifted its holdings in Ambev by 2.0% during the 3rd quarter. Ruffer LLP now owns 45,818,515 shares of the company’s stock valued at $117,442,000 after purchasing an additional 888,510 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ambev by 0.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 35,461,582 shares of the company’s stock valued at $99,292,000 after purchasing an additional 143,355 shares during the last quarter. Finally, Seafarer Capital Partners LLC lifted its holdings in Ambev by 5.4% during the 4th quarter. Seafarer Capital Partners LLC now owns 19,399,000 shares of the company’s stock valued at $54,317,000 after purchasing an additional 1,000,000 shares during the last quarter. 8.13% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on ABEV shares. StockNews.com raised Ambev from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 14th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a report on Friday, March 1st. Finally, Barclays reduced their price target on Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.68.
Check Out Our Latest Stock Report on ABEV
Ambev Price Performance
Shares of NYSE:ABEV opened at $2.21 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. Ambev S.A. has a twelve month low of $2.17 and a twelve month high of $3.23. The stock’s 50 day moving average is $2.36 and its 200-day moving average is $2.58. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 3.30 and a beta of 1.07.
Ambev (NYSE:ABEV – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a return on equity of 17.53% and a net margin of 18.25%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4 billion. Sell-side analysts forecast that Ambev S.A. will post 0.18 EPS for the current fiscal year.
Ambev Profile
Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.
Recommended Stories
Receive News & Ratings for Ambev Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ambev and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
