Ambev S.A. (NYSE:ABEV) Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC reduced its holdings in shares of Ambev S.A. (NYSE:ABEV) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 318,788 shares of the company’s stock after selling 17,010 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Ambev were worth $899,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates raised its stake in Ambev by 37.0% during the 1st quarter. Raymond James & Associates now owns 1,039,250 shares of the company’s stock valued at $3,357,000 after acquiring an additional 280,753 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Ambev by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 3,788,023 shares of the company’s stock valued at $12,235,000 after buying an additional 264,696 shares during the last quarter. American Century Companies Inc. grew its holdings in Ambev by 38.7% during the 1st quarter. American Century Companies Inc. now owns 503,973 shares of the company’s stock valued at $1,628,000 after buying an additional 140,617 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Ambev by 35.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,172 shares of the company’s stock worth $114,000 after purchasing an additional 9,168 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Ambev by 3.9% during the 1st quarter. HighTower Advisors LLC now owns 131,259 shares of the company’s stock worth $424,000 after purchasing an additional 4,984 shares during the period. 8.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on ABEV shares. Sanford C. Bernstein started coverage on Ambev in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $3.74 price objective on the stock. StockNews.com assumed coverage on Ambev in a research note on Friday. They issued a “buy” rating for the company. Finally, Bank of America raised shares of Ambev from a “neutral” rating to a “buy” rating in a report on Monday, July 10th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $3.74.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.72 on Monday. Ambev S.A. has a 12 month low of $2.40 and a 12 month high of $3.24. The stock has a market cap of $42.84 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 2.37 and a beta of 1.11. The stock’s 50 day moving average price is $2.96 and its 200 day moving average price is $2.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 0.65.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Ambev had a return on equity of 17.05% and a net margin of 17.21%. Equities research analysts anticipate that Ambev S.A. will post 0.17 earnings per share for the current fiscal 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.