First Republic Investment Management Inc. Acquires 50,263 Shares of AMBEV S A/S (NYSE:ABEV)

First Republic Investment Management Inc. boosted its holdings in shares of AMBEV S A/S (NYSE:ABEV) by 42.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,051 shares of the company’s stock after purchasing an additional 50,263 shares during the period. First Republic Investment Management Inc.’s holdings in AMBEV S A/S were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. M&T Bank Corp lifted its stake in AMBEV S A/S by 7.0% during the second quarter. M&T Bank Corp now owns 57,835 shares of the company’s stock worth $152,000 after purchasing an additional 3,765 shares during the period. HighTower Advisors LLC grew its position in AMBEV S A/S by 20.4% during the 2nd quarter. HighTower Advisors LLC now owns 27,881 shares of the company’s stock worth $74,000 after acquiring an additional 4,731 shares during the last quarter. Iberiabank Corp grew its position in AMBEV S A/S by 21.6% during the 2nd quarter. Iberiabank Corp now owns 28,697 shares of the company’s stock worth $76,000 after acquiring an additional 5,107 shares during the last quarter. BOKF NA increased its holdings in AMBEV S A/S by 18.2% during the 1st quarter. BOKF NA now owns 37,918 shares of the company’s stock valued at $88,000 after purchasing an additional 5,835 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in AMBEV S A/S by 4.2% in the 1st quarter. Franklin Resources Inc. now owns 175,600 shares of the company’s stock valued at $404,000 after purchasing an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 8.66% of the company’s stock.

Several brokerages have recently commented on ABEV. JPMorgan Chase & Co. upgraded AMBEV S A/S from an “underweight” rating to a “neutral” rating in a report on Friday, July 31st. Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Monday, July 13th. TheStreet raised AMBEV S A/S from a “d+” rating to a “c-” rating in a research note on Monday, July 27th. Finally, HSBC raised AMBEV S A/S from a “reduce” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. AMBEV S A/S currently has a consensus rating of “Hold” and an average target price of $3.70.

NYSE:ABEV opened at $2.44 on Wednesday. AMBEV S A/S has a 1-year low of $1.90 and a 1-year high of $4.81. The business’s 50-day moving average price is $2.45 and its two-hundred day moving average price is $2.50. The company has a current ratio of 1.24, a quick ratio of 0.97 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 4.16 and a beta of 0.91.

AMBEV S A/S (NYSE:ABEV) last released its earnings results on Thursday, July 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $2.16 billion during the quarter. AMBEV S A/S had a net margin of 17.92% and a return on equity of 14.19%. Sell-side analysts predict that AMBEV S A/S will post 0.1 earnings per share for the current year.

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

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