Ambev S.A. (NYSE:ABEV) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in Ambev S.A. (NYSE:ABEV) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,640 shares of the company’s stock after selling 5,529 shares during the period. SG Americas Securities LLC’s holdings in Ambev were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in Ambev by 8.9% in the 2nd quarter. LPL Financial LLC now owns 42,202 shares of the company’s stock valued at $134,000 after purchasing an additional 3,464 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in Ambev by 8.4% in the 3rd quarter. 1900 Wealth Management LLC now owns 50,942 shares of the company’s stock valued at $131,000 after purchasing an additional 3,953 shares in the last quarter. Baron Wealth Management LLC boosted its holdings in Ambev by 11.5% in the 4th quarter. Baron Wealth Management LLC now owns 38,362 shares of the company’s stock valued at $107,000 after purchasing an additional 3,963 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Ambev by 4.9% in the 1st quarter. Peapack Gladstone Financial Corp now owns 85,567 shares of the company’s stock valued at $241,000 after purchasing an additional 3,974 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Ambev by 0.8% in the 3rd quarter. Fifth Third Bancorp now owns 502,445 shares of the company’s stock valued at $1,296,000 after purchasing an additional 3,985 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.29 on Friday. Ambev S.A. has a 12 month low of $2.23 and a 12 month high of $3.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66. The business’s 50 day simple moving average is $2.49 and its 200-day simple moving average is $2.63. The firm has a market capitalization of $36.07 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 2.28 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

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

Ambev Company Profile

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.