Goldman Sachs Group Inc. Has $172.21 Million Stock Holdings in Ambev S.A. (NYSE:ABEV)

Goldman Sachs Group Inc. lessened its position in Ambev S.A. (NYSE:ABEVFree Report) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,504,789 shares of the company’s stock after selling 4,373,584 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.39% of Ambev worth $172,213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABEV. Jump Financial LLC raised its position in Ambev by 203.9% in the 3rd quarter. Jump Financial LLC now owns 120,191 shares of the company’s stock valued at $310,000 after buying an additional 80,641 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Ambev by 51.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 128,171 shares of the company’s stock worth $331,000 after purchasing an additional 43,705 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Ambev during the 3rd quarter worth approximately $242,000. Citigroup Inc. increased its position in shares of Ambev by 0.6% during the 3rd quarter. Citigroup Inc. now owns 16,327,692 shares of the company’s stock worth $42,125,000 after purchasing an additional 89,366 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Ambev during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ABEV shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Barclays lowered their price target on Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Finally, StockNews.com raised Ambev from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ambev has a consensus rating of “Moderate Buy” and an average target price of $2.68.

Get Our Latest Research Report on ABEV

Ambev Stock Performance

Shares of NYSE ABEV opened at $2.18 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12 month low of $2.16 and a 12 month high of $3.23. The stock has a 50 day moving average of $2.33 and a 200-day moving average of $2.56. The company has a market capitalization of $34.26 billion, a P/E ratio of 11.45, a P/E/G ratio of 3.25 and a beta of 1.07.

Ambev (NYSE:ABEVGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Ambev had a return on equity of 17.53% and a net margin of 18.25%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4 billion. As a group, equities research analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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