US Bancorp DE lifted its stake in AmBev (NYSE:ABEV) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 484,191 shares of the company’s stock after buying an additional 9,725 shares during the period. US Bancorp DE’s holdings in AmBev were worth $3,520,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ABEV. Clearbridge Investments LLC purchased a new stake in shares of AmBev in the fourth quarter worth about $105,000. Premia Global Advisors LLC purchased a new position in AmBev in the fourth quarter valued at about $134,000. Brown Advisory Inc. boosted its holdings in AmBev by 82.2% in the fourth quarter. Brown Advisory Inc. now owns 22,136 shares of the company’s stock valued at $144,000 after purchasing an additional 9,989 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in AmBev in the fourth quarter valued at about $176,000. Finally, Meitav Dash Investments Ltd. purchased a new position in AmBev in the fourth quarter valued at about $197,000. 6.92% of the stock is owned by institutional investors.
A number of research analysts recently commented on ABEV shares. UBS raised AmBev from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. TheStreet raised AmBev from a “c+” rating to a “b” rating in a report on Monday, March 5th. ValuEngine raised AmBev from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. JPMorgan Chase & Co. increased their price target on AmBev from $6.90 to $7.50 and gave the company an “overweight” rating in a report on Monday, April 9th. Finally, Zacks Investment Research raised AmBev from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a report on Tuesday, April 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $7.38.
Shares of AmBev opened at $5.45 on Friday, according to MarketBeat.com. The stock has a market capitalization of $85.57 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 0.99 and a beta of 0.61. AmBev has a one year low of $5.30 and a one year high of $7.43. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.07.
AmBev (NYSE:ABEV) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). AmBev had a net margin of 16.15% and a return on equity of 24.66%. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.65 billion. research analysts anticipate that AmBev will post 0.25 EPS for the current year.
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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