Barclays PLC decreased its stake in shares of AMBEV S A/S (NYSE:ABEV) by 37.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,863 shares of the company’s stock after selling 256,000 shares during the period. Barclays PLC’s holdings in AMBEV S A/S were worth $1,958,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in AMBEV S A/S during the second quarter valued at approximately $28,000. FTB Advisors Inc. grew its position in shares of AMBEV S A/S by 345.2% during the 2nd quarter. FTB Advisors Inc. now owns 8,170 shares of the company’s stock valued at $37,000 after acquiring an additional 6,335 shares during the period. Signaturefd LLC increased its stake in shares of AMBEV S A/S by 75.5% in the 2nd quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock worth $43,000 after purchasing an additional 3,996 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of AMBEV S A/S in the 2nd quarter worth $48,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in AMBEV S A/S in the 2nd quarter worth $49,000. Institutional investors own 7.66% of the company’s stock.
Several equities analysts recently weighed in on ABEV shares. Barclays downgraded AMBEV S A/S from an “equal weight” rating to an “underweight” rating and set a $3.50 target price on the stock. in a research report on Tuesday. UBS Group restated a “sell” rating and issued a $3.90 price target (down previously from $4.30) on shares of AMBEV S A/S in a research report on Friday, November 15th. Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Itau BBA Securities cut AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.60.
Shares of ABEV stock opened at $4.32 on Friday. The company has a market capitalization of $67.78 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 3.98 and a beta of 0.69. AMBEV S A/S has a one year low of $3.77 and a one year high of $5.45. The company’s fifty day moving average price is $4.32 and its 200-day moving average price is $4.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.05.
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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