Barings LLC Cuts Position in Ambev S.A. $ABEV

Barings LLC lowered its holdings in Ambev S.A. (NYSE:ABEV) by 23.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 621,824 shares of the company’s stock after selling 190,657 shares during the quarter. Barings LLC’s holdings in Ambev were worth $1,499,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Abacus Wealth Partners LLC purchased a new position in shares of Ambev in the 2nd quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new position in Ambev during the first quarter worth about $26,000. Signaturefd LLC grew its position in Ambev by 63.2% during the second quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock worth $31,000 after buying an additional 4,924 shares during the period. R Squared Ltd purchased a new position in Ambev in the first quarter valued at about $33,000. Finally, Focus Partners Wealth acquired a new stake in shares of Ambev during the 1st quarter valued at approximately $33,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABEV has been the topic of a number of research reports. Hsbc Global Res upgraded Ambev to a “hold” rating in a report on Friday, August 1st. Zacks Research upgraded Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a research note on Wednesday. HSBC reissued a “hold” rating on shares of Ambev in a research note on Friday, August 1st. Finally, UBS Group cut their target price on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $2.35.

Ambev Trading Up 2.1%

Ambev stock opened at $2.48 on Friday. The stock has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.34. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.63. The stock has a market cap of $39.08 billion, a PE ratio of 15.50, a P/E/G ratio of 2.19 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.97 billion. Equities research analysts predict that Ambev S.A. will post 0.18 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, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.