Moody National Bank Trust Division purchased a new position in AMBEV S A/S (NYSE:ABEV) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 105,000 shares of the company’s stock, valued at approximately $480,000.
Other institutional investors have also modified their holdings of the company. Vontobel Asset Management Inc. raised its holdings in AMBEV S A/S by 5.3% during the 2nd quarter. Vontobel Asset Management Inc. now owns 173,943,259 shares of the company’s stock worth $819,935,000 after buying an additional 8,727,647 shares during the period. Morningstar Investment Services LLC raised its holdings in AMBEV S A/S by 19.4% during the 2nd quarter. Morningstar Investment Services LLC now owns 137,921 shares of the company’s stock worth $639,000 after buying an additional 22,443 shares during the period. HRT Financial LLC acquired a new stake in AMBEV S A/S during the 2nd quarter worth about $526,000. Brown Advisory Inc. raised its holdings in AMBEV S A/S by 20,580.3% during the 2nd quarter. Brown Advisory Inc. now owns 2,594,345 shares of the company’s stock worth $12,012,000 after buying an additional 2,581,800 shares during the period. Finally, Kiwi Wealth Investments Limited Partnership raised its holdings in AMBEV S A/S by 22.0% during the 2nd quarter. Kiwi Wealth Investments Limited Partnership now owns 593,629 shares of the company’s stock worth $2,749,000 after buying an additional 107,158 shares during the period. Hedge funds and other institutional investors own 7.05% of the company’s stock.
ABEV has been the topic of several research analyst reports. ValuEngine raised AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. Barclays raised AMBEV S A/S from an “equal weight” rating to an “overweight” rating and set a $7.00 target price on the stock in a research note on Friday, July 27th. UBS Group cut AMBEV S A/S from a “buy” rating to a “sell” rating in a research note on Tuesday, October 2nd. Bank of America cut AMBEV S A/S from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $5.40 to $4.00 in a research note on Thursday, October 25th. Finally, JPMorgan Chase & Co. cut AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.13.
NYSE:ABEV opened at $4.38 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.82 and a current ratio of 1.02. AMBEV S A/S has a fifty-two week low of $3.86 and a fifty-two week high of $7.43. The stock has a market cap of $70.03 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.17 and a beta of 0.55.
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About AMBEV S A/S
Ambev SA engages in the production, distribution, and sale of beverages. The company products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. Its operates a distribution network that comprises beverage distributors, supermarkets, bars and restaurants, as well as small groceries, bakeries, snack bars and franchises, and points of sale in Brazil.
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