RWC Asset Management LLP Lowers Stock Position in Ambev S.A. (NYSE:ABEV)

RWC Asset Management LLP lowered its position in shares of Ambev S.A. (NYSE:ABEV) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,339,258 shares of the company’s stock after selling 599,899 shares during the quarter. Ambev comprises approximately 1.8% of RWC Asset Management LLP’s portfolio, making the stock its 19th biggest position. RWC Asset Management LLP owned 0.07% of Ambev worth $28,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. purchased a new position in shares of Ambev in the 3rd quarter worth about $26,000. Ieq Capital LLC purchased a new position in shares of Ambev in the 3rd quarter worth about $27,000. SVB Wealth LLC purchased a new position in shares of Ambev in the 4th quarter worth about $34,000. West Family Investments Inc. purchased a new position in shares of Ambev in the 3rd quarter worth about $32,000. Finally, Hartford Financial Management Inc. raised its position in shares of Ambev by 49.9% in the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock worth $36,000 after purchasing an additional 4,238 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ABEV shares. Barclays lowered Ambev from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $3.50 to $3.00 in a research report on Monday, March 4th. StockNews.com started coverage on Ambev in a research report on Friday, January 26th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Ambev Price Performance

ABEV stock traded up $0.03 during midday trading on Friday, hitting $2.33. The company’s stock had a trading volume of 5,890,772 shares, compared to its average volume of 13,396,590. Ambev S.A. has a 12 month low of $2.23 and a 12 month high of $3.23. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $36.70 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The company has a 50 day moving average of $2.46 and a two-hundred day moving average of $2.62.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $4.04 billion for the quarter. Ambev had a return on equity of 17.60% and a net margin of 18.19%. On average, analysts expect that Ambev S.A. will post 0.19 EPS for the current year.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.