Deprince Race & Zollo Inc. increased its holdings in AMBEV S A/S (NYSE:ABEV) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,160,600 shares of the company’s stock after buying an additional 124,900 shares during the period. Deprince Race & Zollo Inc.’s holdings in AMBEV S A/S were worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of AMBEV S A/S by 75.5% in the second quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock valued at $43,000 after buying an additional 3,996 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of AMBEV S A/S by 9.2% in the first quarter. Great West Life Assurance Co. Can now owns 559,620 shares of the company’s stock valued at $2,399,000 after buying an additional 47,138 shares in the last quarter. Commerce Bank raised its position in shares of AMBEV S A/S by 48.3% in the first quarter. Commerce Bank now owns 15,114 shares of the company’s stock valued at $65,000 after buying an additional 4,923 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of AMBEV S A/S in the first quarter valued at approximately $19,612,000. Finally, Comerica Securities Inc. raised its position in shares of AMBEV S A/S by 12.8% in the fourth quarter. Comerica Securities Inc. now owns 22,631 shares of the company’s stock valued at $90,000 after buying an additional 2,575 shares in the last quarter. Institutional investors own 7.49% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Barclays downgraded shares of AMBEV S A/S from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. TheStreet cut shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Itau BBA Securities cut shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. ValuEngine cut shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. AMBEV S A/S has an average rating of “Hold” and a consensus price target of $5.00.
Shares of NYSE:ABEV opened at $4.65 on Thursday. The company’s 50 day simple moving average is $4.81 and its 200 day simple moving average is $4.59. The stock has a market capitalization of $73.13 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 4.12 and a beta of 0.73. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.21 and a quick ratio of 0.93. AMBEV S A/S has a 1 year low of $3.77 and a 1 year high of $5.45.
AMBEV S A/S (NYSE:ABEV) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.18 billion. AMBEV S A/S had a net margin of 22.15% and a return on equity of 19.48%. As a group, analysts anticipate that AMBEV S A/S will post 0.2 EPS for the current fiscal year.
AMBEV S A/S Profile
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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