According to Zacks, “Companhia de Bebidas das Americas (AmBev), based in São Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo International, Inc. to bottle, sell and distribute Pepsi products in Brazil and in other Latin American countries, including Lipton Ice Tea, Gatorade, H2OH!, Propel and Frutzzz. AmBev conducts its operations through three business units: Latin America North, Latin America South and Canada. Latin America North includes its operations in Brazil, where it operates two divisions: beer sales and carbonated soft drinks and non-alcoholic non-carbonated sales; and its operations in its Hispanic Latin America Operations, excluding Latin America South, operations. Latin America South includes its Quinsa operations in the countries of Argentina, Bolivia, Paraguay, Uruguay and Chile. Canada, represented by Labatt, includes domestic sales in Canada. “
A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of AMBEV S A/S from an underweight rating to a neutral rating and set a $6.00 price target on the stock in a research note on Friday, July 26th. 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. Barclays downgraded shares of AMBEV S A/S from an overweight rating to an equal weight rating in a research note on Tuesday, August 27th. Finally, ValuEngine downgraded shares of AMBEV S A/S from a buy rating to a hold rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. AMBEV S A/S has an average rating of Hold and an average target price of $4.97.
ABEV traded up $0.05 during trading on Wednesday, reaching $4.20. 4,215,533 shares of the company’s stock were exchanged, compared to its average volume of 18,201,288. AMBEV S A/S has a fifty-two week low of $3.77 and a fifty-two week high of $5.45. The company has a quick ratio of 1.05, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.62. The company has a market capitalization of $65.27 billion, a P/E ratio of 22.11, a PEG ratio of 3.92 and a beta of 0.69.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Eqis Capital Management Inc. lifted its holdings in shares of AMBEV S A/S by 135.4% during the third quarter. Eqis Capital Management Inc. now owns 48,215 shares of the company’s stock valued at $223,000 after acquiring an additional 27,731 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of AMBEV S A/S by 4.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 83,989,794 shares of the company’s stock valued at $388,033,000 after buying an additional 3,754,605 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of AMBEV S A/S by 71,869.3% in the third quarter. Tower Research Capital LLC TRC now owns 143,219 shares of the company’s stock valued at $661,000 after buying an additional 143,020 shares during the last quarter. Lenox Wealth Management Inc. raised its holdings in shares of AMBEV S A/S by 6.2% in the third quarter. Lenox Wealth Management Inc. now owns 48,278 shares of the company’s stock valued at $223,000 after buying an additional 2,809 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of AMBEV S A/S by 161.4% in the third quarter. SG Americas Securities LLC now owns 233,589 shares of the company’s stock valued at $1,079,000 after buying an additional 144,245 shares during the last quarter. 7.45% of the stock is owned by institutional investors.
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 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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