American Century Companies Inc. Purchases 558,659 Shares of Ambev S.A. $ABEV

American Century Companies Inc. boosted its position in shares of Ambev S.A. (NYSE:ABEV) by 22.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,013,784 shares of the company’s stock after purchasing an additional 558,659 shares during the period. American Century Companies Inc.’s holdings in Ambev were worth $7,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Ambev by 17.8% in the 1st quarter. Northern Trust Corp now owns 7,757,412 shares of the company’s stock worth $18,075,000 after purchasing an additional 1,170,397 shares during the period. Allianz Asset Management GmbH bought a new position in Ambev in the second quarter worth approximately $362,000. Invesco Ltd. raised its stake in Ambev by 98.6% in the first quarter. Invesco Ltd. now owns 3,803,683 shares of the company’s stock worth $8,863,000 after buying an additional 1,887,987 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Ambev during the first quarter worth $570,000. Finally, Walleye Capital LLC boosted its position in Ambev by 538.4% during the 1st quarter. Walleye Capital LLC now owns 5,242,702 shares of the company’s stock valued at $12,215,000 after acquiring an additional 4,421,534 shares in the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ABEV. UBS Group reduced their price target on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Zacks Research upgraded Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ambev in a research report on Monday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $2.88 price objective on shares of Ambev in a research report on Wednesday, November 26th. Nine research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $2.53.

Ambev Price Performance

Shares of NYSE ABEV opened at $2.46 on Friday. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.63. The company has a market cap of $38.76 billion, a PE ratio of 13.67, a P/E/G ratio of 2.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.86 and a current ratio of 1.15. The business has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.35.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.97 billion. Ambev had a net margin of 17.90% and a return on equity of 15.81%. As a group, equities analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Profile

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.