USS Investment Management Ltd held its position in Ambev SA (NYSE:ABEV) during the first quarter, according to its most recent filing with the SEC. The firm owned 4,386,000 shares of the company’s stock at the end of the first quarter. USS Investment Management Ltd’s holdings in Ambev SA were worth $25,263,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its stake in Ambev SA by 2.2% in the first quarter. Wedbush Securities Inc. now owns 17,365 shares of the company’s stock valued at $100,000 after buying an additional 369 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in Ambev SA by 11.6% in the first quarter. Integrated Investment Consultants LLC now owns 18,252 shares of the company’s stock valued at $105,000 after buying an additional 1,895 shares during the last quarter. Royal Bank of Scotland Group PLC boosted its stake in Ambev SA by 36.5% in the third quarter. Royal Bank of Scotland Group PLC now owns 17,782 shares of the company’s stock valued at $108,000 after buying an additional 4,758 shares during the last quarter. RMB Capital Management LLC purchased a new stake in Ambev SA during the fourth quarter valued at approximately $108,000. Finally, Parallel Advisors LLC purchased a new stake in Ambev SA during the fourth quarter valued at approximately $117,000. Hedge funds and other institutional investors own 7.33% of the company’s stock.
Ambev SA (NYSE:ABEV) traded up 2.91% during midday trading on Friday, reaching $5.66. The company’s stock had a trading volume of 46,475,105 shares. The firm has a 50 day moving average of $5.82 and a 200 day moving average of $5.44. The firm has a market cap of $88.88 billion, a P/E ratio of 23.98 and a beta of 0.72. Ambev SA has a 52-week low of $4.70 and a 52-week high of $6.39.
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Several equities research analysts have commented on the company. Citigroup Inc cut Ambev SA from a “buy” rating to a “neutral” rating in a research note on Friday, March 3rd. Zacks Investment Research cut Ambev SA from a “buy” rating to a “hold” rating in a research note on Monday, March 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ambev SA currently has a consensus rating of “Hold” and an average target price of $6.21.
Ambev SA Company Profile
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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