AMBEV S A/S (NYSE:ABEV) Shares Purchased by Advisor Partners LLC

Advisor Partners LLC increased its position in shares of AMBEV S A/S (NYSE:ABEV) by 29.3% during the third quarter, Holdings Channel.com reports. The fund owned 31,416 shares of the company’s stock after acquiring an additional 7,112 shares during the quarter. Advisor Partners LLC’s holdings in AMBEV S A/S were worth $145,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ABEV. JPMorgan Chase & Co. increased its stake in AMBEV S A/S by 1.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 108,906,483 shares of the company’s stock worth $512,949,000 after purchasing an additional 1,213,342 shares in the last quarter. Invesco Ltd. grew its stake in AMBEV S A/S by 351.8% during the 2nd quarter. Invesco Ltd. now owns 66,075,106 shares of the company’s stock valued at $308,571,000 after acquiring an additional 51,449,682 shares in the last quarter. AKO Capital LLP grew its stake in AMBEV S A/S by 22.2% during the 2nd quarter. AKO Capital LLP now owns 32,360,930 shares of the company’s stock valued at $151,126,000 after acquiring an additional 5,882,307 shares in the last quarter. Renaissance Technologies LLC grew its stake in AMBEV S A/S by 43.8% during the 2nd quarter. Renaissance Technologies LLC now owns 20,027,600 shares of the company’s stock valued at $93,529,000 after acquiring an additional 6,099,200 shares in the last quarter. Finally, Northern Trust Corp grew its stake in AMBEV S A/S by 2.8% during the 2nd quarter. Northern Trust Corp now owns 16,173,803 shares of the company’s stock valued at $75,532,000 after acquiring an additional 440,239 shares in the last quarter. 7.42% of the stock is currently owned by hedge funds and other institutional investors.

ABEV has been the topic of several research analyst reports. JPMorgan Chase & Co. raised AMBEV S A/S from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a research note on Friday, July 26th. Itau BBA Securities cut AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Barclays cut AMBEV S A/S from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. ValuEngine cut AMBEV S A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research cut AMBEV S A/S from a “hold” rating to a “sell” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.00.

NYSE:ABEV opened at $4.59 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.21 and a quick ratio of 0.93. AMBEV S A/S has a fifty-two week low of $3.77 and a fifty-two week high of $5.45. The stock’s 50-day moving average is $4.61 and its two-hundred day moving average is $4.63. The stock has a market cap of $73.21 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 4.16 and a beta of 0.71.

AMBEV S A/S (NYSE:ABEV) last released its earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.18 billion. AMBEV S A/S had a return on equity of 19.48% and a net margin of 22.15%. On average, equities research analysts anticipate that AMBEV S A/S will post 0.19 earnings per share for the current year.

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.

Further Reading: What is an investor looking for in an SEC filing?

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

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