American Century Companies Inc. Raises Stake in Ambev S.A. $ABEV

American Century Companies Inc. boosted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 22.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,013,784 shares of the company’s stock after purchasing an additional 558,659 shares during the quarter. American Century Companies Inc.’s holdings in Ambev were worth $7,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ABEV. Russell Investments Group Ltd. increased its position in shares of Ambev by 105.8% in the first quarter. Russell Investments Group Ltd. now owns 16,170,388 shares of the company’s stock valued at $37,677,000 after buying an additional 8,312,561 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Ambev by 836.1% in the 1st quarter. Great Lakes Advisors LLC now owns 4,954,218 shares of the company’s stock valued at $11,543,000 after acquiring an additional 4,424,987 shares during the period. Walleye Capital LLC increased its holdings in Ambev by 538.4% in the 1st quarter. Walleye Capital LLC now owns 5,242,702 shares of the company’s stock worth $12,215,000 after acquiring an additional 4,421,534 shares in the last quarter. Strs Ohio acquired a new position in Ambev during the first quarter worth $7,133,000. Finally, Invesco Ltd. raised its position in Ambev by 98.6% during the first quarter. Invesco Ltd. now owns 3,803,683 shares of the company’s stock worth $8,863,000 after acquiring an additional 1,887,987 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Price Performance

Shares of ABEV stock opened at $2.46 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.86. The company has a market capitalization of $38.76 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70. The firm’s 50-day moving average is $2.35 and its two-hundred day moving average is $2.35. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.63.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Ambev had a net margin of 17.90% and a return on equity of 15.81%. Analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.