AMBEV S A/S (ABEV) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in AMBEV S A/S (NYSE:ABEV) by 7.7% in the third quarter, HoldingsChannel.com reports. The firm owned 412,503 shares of the company’s stock after selling 34,507 shares during the period. First Trust Advisors LP’s holdings in AMBEV S A/S were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of AMBEV S A/S by 17.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 69,120,615 shares of the company’s stock valued at $315,881,000 after buying an additional 10,460,543 shares in the last quarter. Lenox Wealth Management Inc. lifted its stake in shares of AMBEV S A/S by 8.2% during the 3rd quarter. Lenox Wealth Management Inc. now owns 167,005 shares of the company’s stock valued at $763,000 after buying an additional 12,586 shares in the last quarter. Calamos Advisors LLC purchased a new position in shares of AMBEV S A/S during the 3rd quarter valued at $1,671,000. LGT Capital Partners LTD. lifted its stake in shares of AMBEV S A/S by 19.3% during the 3rd quarter. LGT Capital Partners LTD. now owns 4,715,290 shares of the company’s stock valued at $21,549,000 after buying an additional 762,390 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of AMBEV S A/S by 0.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,135,173 shares of the company’s stock valued at $14,327,000 after buying an additional 28,125 shares in the last quarter. 7.05% of the stock is owned by institutional investors and hedge funds.

ABEV has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. UBS Group cut shares of AMBEV S A/S from a “buy” rating to a “sell” rating in a research note on Tuesday, October 2nd. Bank of America cut shares of 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 shares of 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 assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.13.

Shares of ABEV stock opened at $4.32 on Tuesday. The firm has a market capitalization of $67.04 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 2.08 and a beta of 0.54. AMBEV S A/S has a 52 week low of $3.86 and a 52 week high of $7.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.82 and a current ratio of 1.02.

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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 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.

See Also: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMBEV S A/S (NYSE:ABEV).

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

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