Ambev S.A. (ABEV) Downgraded by TheStreet

TheStreet lowered shares of Ambev S.A. (NYSE:ABEV) from a b rating to a c+ rating in a report issued on Thursday morning.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Ambev from a hold rating to a buy rating and set a $7.50 price objective on the stock in a report on Monday, October 2nd. BidaskClub downgraded Ambev from a strong-buy rating to a buy rating in a report on Thursday, September 28th. Evercore ISI set a $9.00 price objective on Ambev and gave the stock a buy rating in a report on Sunday, October 15th. Barclays PLC reiterated an equal weight rating and issued a $7.00 price objective (up previously from $6.00) on shares of Ambev in a report on Friday, October 27th. Finally, Credit Suisse Group upgraded Ambev from a neutral rating to an outperform rating in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $7.83.

Shares of Ambev (NYSE:ABEV) opened at $6.12 on Thursday. Ambev has a 12-month low of $4.70 and a 12-month high of $7.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.76 and a current ratio of 0.95. The firm has a market capitalization of $96,090.74, a PE ratio of 26.61 and a beta of 0.71.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Ambev by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 90,277,034 shares of the company’s stock worth $592,218,000 after buying an additional 4,159,543 shares during the period. Vanguard Group Inc. increased its holdings in Ambev by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 40,388,366 shares of the company’s stock valued at $221,732,000 after purchasing an additional 192,012 shares during the period. Artisan Partners Limited Partnership increased its holdings in Ambev by 275.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 31,901,018 shares of the company’s stock valued at $175,137,000 after purchasing an additional 23,398,802 shares during the period. Mondrian Investment Partners LTD increased its holdings in Ambev by 9.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 31,056,100 shares of the company’s stock valued at $170,498,000 after purchasing an additional 2,774,000 shares during the period. Finally, BlackRock Inc. increased its holdings in Ambev by 12,519.6% during the 1st quarter. BlackRock Inc. now owns 29,177,225 shares of the company’s stock valued at $168,061,000 after purchasing an additional 28,946,020 shares during the period. Hedge funds and other institutional investors own 7.33% of the company’s stock.

About Ambev

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

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