AMP Capital Investors Ltd increased its holdings in Ambev SA (NYSE:ABEV) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,959 shares of the company’s stock after purchasing an additional 17,050 shares during the period. AMP Capital Investors Ltd’s holdings in Ambev were worth $1,707,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ABEV. Artisan Partners Limited Partnership grew its stake in Ambev by 275.2% during the second quarter. Artisan Partners Limited Partnership now owns 31,901,018 shares of the company’s stock worth $175,137,000 after buying an additional 23,398,802 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Ambev by 17.3% during the second quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock worth $472,786,000 after buying an additional 12,723,137 shares during the last quarter. AKO Capital LLP bought a new stake in Ambev during the third quarter worth about $1,023,000. Renaissance Technologies LLC grew its stake in Ambev by 398.8% during the second quarter. Renaissance Technologies LLC now owns 5,532,700 shares of the company’s stock worth $30,375,000 after buying an additional 4,423,500 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Ambev during the second quarter worth about $17,819,000. 7.39% of the stock is currently owned by hedge funds and other institutional investors.
Ambev SA (NYSE:ABEV) traded up $0.16 on Thursday, reaching $6.77. 11,530,752 shares of the company’s stock traded hands, compared to its average volume of 11,782,044. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $103,420.00, a price-to-earnings ratio of 37.06 and a beta of 0.71. Ambev SA has a 12 month low of $5.18 and a 12 month high of $7.03.
Several research firms have recently commented on ABEV. Zacks Investment Research cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Evercore ISI set a $9.00 price target on shares of Ambev and gave the company a “buy” rating in a research note on Sunday, October 15th. TheStreet cut shares of Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. BidaskClub cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Barclays restated an “equal weight” rating on shares of Ambev in a report on Saturday, October 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.83.
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Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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