Morningstar Investment Services LLC decreased its position in AMBEV S A/S (NYSE:ABEV) by 92.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,715 shares of the company’s stock after selling 1,775,355 shares during the quarter. Morningstar Investment Services LLC’s holdings in AMBEV S A/S were worth $694,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Comerica Securities Inc. increased its holdings in AMBEV S A/S by 12.8% in the 4th quarter. Comerica Securities Inc. now owns 22,631 shares of the company’s stock worth $90,000 after buying an additional 2,575 shares during the period. SG Americas Securities LLC raised its holdings in shares of AMBEV S A/S by 7.4% during the first quarter. SG Americas Securities LLC now owns 240,368 shares of the company’s stock worth $1,034,000 after acquiring an additional 16,590 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of AMBEV S A/S by 60.7% during the first quarter. First Republic Investment Management Inc. now owns 124,577 shares of the company’s stock worth $536,000 after acquiring an additional 47,057 shares in the last quarter. Parallel Advisors LLC boosted its position in AMBEV S A/S by 21.9% during the first quarter. Parallel Advisors LLC now owns 18,242 shares of the company’s stock valued at $78,000 after purchasing an additional 3,276 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in AMBEV S A/S by 460.1% during the first quarter. CIBC Asset Management Inc now owns 400,105 shares of the company’s stock valued at $1,720,000 after purchasing an additional 328,675 shares during the last quarter. Hedge funds and other institutional investors own 7.49% of the company’s stock.
Several research analysts have weighed in on ABEV shares. ValuEngine lowered AMBEV S A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Bank of America raised AMBEV S A/S from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 21st. Itau BBA Securities downgraded shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Zacks Investment Research raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, TheStreet cut shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. AMBEV S A/S presently has an average rating of “Hold” and an average target price of $5.00.
NYSE ABEV traded up $0.02 on Wednesday, reaching $4.62. The company’s stock had a trading volume of 675,464 shares, compared to its average volume of 23,096,662. The firm has a market cap of $73.76 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. The business has a 50-day moving average price of $4.81 and a 200 day moving average price of $4.59. AMBEV S A/S has a 52 week low of $3.77 and a 52 week high of $5.45. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07.
AMBEV S A/S (NYSE:ABEV) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.18 billion. AMBEV S A/S had a net margin of 22.15% and a return on equity of 19.48%. Analysts anticipate that AMBEV S A/S will post 0.2 earnings per share for the current fiscal year.
AMBEV S A/S Profile
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, 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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