Ambev S.A. (NYSE:ABEV) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its position in shares of Ambev S.A. (NYSE:ABEV) by 54.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,459 shares of the company’s stock after buying an additional 21,351 shares during the period. Signaturefd LLC’s holdings in Ambev were worth $169,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ABEV. Schroder Investment Management Group increased its holdings in shares of Ambev by 49.1% in the third quarter. Schroder Investment Management Group now owns 12,195,474 shares of the company’s stock valued at $31,464,000 after purchasing an additional 4,013,914 shares during the period. Westwood Global Investments LLC increased its holdings in shares of Ambev by 3.1% in the third quarter. Westwood Global Investments LLC now owns 107,182,643 shares of the company’s stock valued at $276,531,000 after purchasing an additional 3,229,411 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Ambev by 83.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,802,121 shares of the company’s stock valued at $12,389,000 after purchasing an additional 2,188,454 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Ambev by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 35,318,227 shares of the company’s stock valued at $91,121,000 after purchasing an additional 1,914,467 shares during the period. Finally, Seafarer Capital Partners LLC increased its holdings in shares of Ambev by 10.6% in the third quarter. Seafarer Capital Partners LLC now owns 18,399,000 shares of the company’s stock valued at $47,469,000 after purchasing an additional 1,760,000 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Up 1.3 %

Ambev stock opened at $2.33 on Monday. The stock’s 50 day moving average price is $2.46 and its 200 day moving average price is $2.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66. The company has a market cap of $36.70 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.36 and a beta of 1.08. Ambev S.A. has a 1-year low of $2.23 and a 1-year high of $3.23.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ABEV. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a report on Friday, March 1st. Barclays downgraded Ambev from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $3.50 to $3.00 in a research note on Monday, March 4th. Finally, StockNews.com started coverage on Ambev in a research note on Friday, January 26th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.20.

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.