Sapient Capital LLC Acquires New Stake in Ambev S.A. (NYSE:ABEV)

Sapient Capital LLC acquired a new stake in Ambev S.A. (NYSE:ABEV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,692 shares of the company’s stock, valued at approximately $94,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ABEV. Goldman Sachs Group Inc. boosted its position in Ambev by 244.5% during the second quarter. Goldman Sachs Group Inc. now owns 43,146,270 shares of the company’s stock valued at $108,297,000 after acquiring an additional 30,623,051 shares during the last quarter. BlackRock Inc. boosted its position in shares of Ambev by 39.1% during the 3rd quarter. BlackRock Inc. now owns 48,691,824 shares of the company’s stock worth $137,798,000 after purchasing an additional 13,691,138 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Ambev by 102.1% during the 1st quarter. Renaissance Technologies LLC now owns 22,177,326 shares of the company’s stock worth $62,540,000 after purchasing an additional 11,204,526 shares in the last quarter. Millennium Management LLC boosted its position in shares of Ambev by 34,240.8% during the 4th quarter. Millennium Management LLC now owns 8,181,005 shares of the company’s stock worth $22,252,000 after purchasing an additional 8,157,182 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Ambev by 73.6% during the 4th quarter. Deutsche Bank AG now owns 10,928,300 shares of the company’s stock worth $29,725,000 after purchasing an additional 4,632,200 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Price Performance

Shares of NYSE ABEV opened at $2.27 on Wednesday. Ambev S.A. has a fifty-two week low of $2.25 and a fifty-two week high of $3.23. The stock has a market cap of $35.67 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.89. The firm’s 50-day simple moving average is $2.50 and its 200 day simple moving average is $2.63.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Ambev had a net margin of 18.19% and a return on equity of 17.60%. The business had revenue of $4.04 billion for the quarter. As a group, research analysts anticipate that Ambev S.A. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.