Ambev S.A. (NYSE:ABEV) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its stake in Ambev S.A. (NYSE:ABEV) by 70.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,101 shares of the company’s stock after buying an additional 15,396 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Ambev were worth $104,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Baron Wealth Management LLC grew its stake in shares of Ambev by 11.5% in the fourth quarter. Baron Wealth Management LLC now owns 38,362 shares of the company’s stock valued at $107,000 after buying an additional 3,963 shares in the last quarter. Fifth Third Bancorp grew its stake in Ambev by 0.8% during 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. Hartford Financial Management Inc. grew its stake in Ambev by 49.9% during the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock valued at $36,000 after purchasing an additional 4,238 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in Ambev by 37.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,021 shares of the company’s stock valued at $41,000 after purchasing an additional 4,348 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Ambev by 1.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 555,024 shares of the company’s stock valued at $1,432,000 after purchasing an additional 5,245 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lowered Ambev from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $3.50 to $3.00 in a research note on Monday, March 4th. StockNews.com began coverage on Ambev in a research note on Friday, January 26th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. reiterated 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Ambev Trading Down 3.3 %

NYSE ABEV opened at $2.38 on Thursday. The firm has a market capitalization of $37.49 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07. Ambev S.A. has a one year low of $2.23 and a one year high of $3.23. The company has a 50-day simple moving average of $2.43 and a 200-day simple moving average of $2.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.89.

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

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.