Wedbush Securities Inc. Cuts Holdings in AMBEV S A/S (ABEV)

Wedbush Securities Inc. decreased its holdings in shares of AMBEV S A/S (NYSE:ABEV) by 13.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,340 shares of the company’s stock after selling 2,200 shares during the quarter. Wedbush Securities Inc.’s holdings in AMBEV S A/S were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ABEV. Massachusetts Financial Services Co. MA increased its position in shares of AMBEV S A/S by 17.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 69,120,615 shares of the company’s stock worth $315,881,000 after purchasing an additional 10,460,543 shares during the period. Ardevora Asset Management LLP increased its position in shares of AMBEV S A/S by 737.5% in the fourth quarter. Ardevora Asset Management LLP now owns 8,583,177 shares of the company’s stock worth $33,646,000 after purchasing an additional 7,558,277 shares during the period. BlackRock Inc. increased its position in shares of AMBEV S A/S by 13.0% in the third quarter. BlackRock Inc. now owns 43,802,531 shares of the company’s stock worth $200,178,000 after purchasing an additional 5,025,305 shares during the period. AMS Capital Ltda bought a new position in shares of AMBEV S A/S in the third quarter worth $13,399,000. Finally, William Blair Investment Management LLC increased its position in shares of AMBEV S A/S by 33.7% in the third quarter. William Blair Investment Management LLC now owns 11,447,249 shares of the company’s stock worth $52,313,000 after purchasing an additional 2,882,298 shares during the period. 6.96% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on ABEV shares. Bank of America lowered AMBEV S A/S from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $5.40 to $4.00 in a research note on Thursday, October 25th. Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. TheStreet raised AMBEV S A/S from a “c” rating to a “b-” rating in a research note on Friday, February 1st. Finally, JPMorgan Chase & Co. lowered AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. AMBEV S A/S presently has a consensus rating of “Hold” and an average price target of $5.63.

NYSE:ABEV traded up $0.04 during trading hours on Tuesday, hitting $4.97. The company’s stock had a trading volume of 5,752,615 shares, compared to its average volume of 33,187,262. The firm has a market capitalization of $78.60 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.28 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 1.02 and a debt-to-equity ratio of 0.06. AMBEV S A/S has a twelve month low of $3.77 and a twelve month high of $7.43.

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AMBEV S A/S Company Profile

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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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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