Several other analysts also recently issued reports on the stock. Citigroup raised shares of Ambev from a “neutral” rating to a “buy” rating in a research note on Monday, January 24th. Zacks Investment Research raised shares of Ambev from a “sell” rating to a “hold” rating and set a $3.25 price target on the stock in a research note on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Ambev presently has an average rating of “Hold” and an average price target of $3.46.
Shares of Ambev stock opened at $2.91 on Monday. The firm has a market cap of $45.80 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.42 and a beta of 1.11. The business has a 50-day moving average price of $2.96 and a 200 day moving average price of $2.88. Ambev has a fifty-two week low of $2.50 and a fifty-two week high of $3.95. The company has a quick ratio of 0.71, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Ambev by 48.3% in the third quarter. BlackRock Inc. now owns 45,638,965 shares of the company’s stock valued at $125,963,000 after acquiring an additional 14,867,593 shares during the last quarter. Itau Unibanco Holding S.A. boosted its position in shares of Ambev by 143.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 11,754,196 shares of the company’s stock worth $32,368,000 after purchasing an additional 6,932,984 shares in the last quarter. Ruffer LLP lifted its position in Ambev by 5.9% in the 4th quarter. Ruffer LLP now owns 117,286,661 shares of the company’s stock valued at $319,438,000 after acquiring an additional 6,502,116 shares in the last quarter. Morgan Stanley lifted its position in Ambev by 180.1% in the 3rd quarter. Morgan Stanley now owns 9,171,858 shares of the company’s stock valued at $25,314,000 after acquiring an additional 5,897,089 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Ambev in the 4th quarter valued at $16,267,000. 8.52% of the stock is owned by institutional investors.
Ambev Company Profile (Get Rating)
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.
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