United Services Automobile Association increased its position in AMBEV S A/S (NYSE:ABEV) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,490,035 shares of the company’s stock after buying an additional 588,168 shares during the period. United Services Automobile Association’s holdings in AMBEV S A/S were worth $20,519,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of AMBEV S A/S by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 25,144,841 shares of the company’s stock valued at $114,969,000 after buying an additional 382,815 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of AMBEV S A/S during the 3rd quarter valued at about $2,110,000. FDx Advisors Inc. raised its position in shares of AMBEV S A/S by 119.4% during the 3rd quarter. FDx Advisors Inc. now owns 112,005 shares of the company’s stock valued at $512,000 after buying an additional 60,956 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of AMBEV S A/S by 72.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 401,111 shares of the company’s stock valued at $1,831,000 after buying an additional 168,669 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of AMBEV S A/S during the 3rd quarter valued at about $440,000. 7.05% of the stock is owned by institutional investors.
AMBEV S A/S stock opened at $4.27 on Wednesday. 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 1-year low of $3.86 and a 1-year high of $7.43. The stock has a market capitalization of $67.04 billion, a P/E ratio of 18.57, a PEG ratio of 2.10 and a beta of 0.54.
ABEV has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research report on Thursday, October 25th. Bank of America cut shares of AMBEV S A/S from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $5.40 to $4.00 in a research report on Thursday, October 25th. UBS Group cut shares of AMBEV S A/S from a “buy” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, ValuEngine upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.13.
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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 in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, 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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