Avestar Capital LLC boosted its stake in shares of AMBEV S A/S (NYSE:ABEV) by 174.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,087 shares of the company’s stock after buying an additional 22,927 shares during the quarter. Avestar Capital LLC’s holdings in AMBEV S A/S were worth $95,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Iberiabank Corp raised its position in shares of AMBEV S A/S by 21.6% in the second quarter. Iberiabank Corp now owns 28,697 shares of the company’s stock valued at $76,000 after buying an additional 5,107 shares during the last quarter. Howard Financial Services LTD. purchased a new stake in shares of AMBEV S A/S in the second quarter valued at about $35,000. Pitcairn Co. grew its holdings in shares of AMBEV S A/S by 92.9% in the second quarter. Pitcairn Co. now owns 67,116 shares of the company’s stock valued at $177,000 after purchasing an additional 32,326 shares during the period. Ardevora Asset Management LLP grew its holdings in shares of AMBEV S A/S by 18.9% in the second quarter. Ardevora Asset Management LLP now owns 17,652,402 shares of the company’s stock valued at $46,602,000 after purchasing an additional 2,806,742 shares during the period. Finally, JustInvest LLC grew its holdings in shares of AMBEV S A/S by 151.8% in the second quarter. JustInvest LLC now owns 28,798 shares of the company’s stock valued at $76,000 after purchasing an additional 17,359 shares during the period. Institutional investors own 8.58% of the company’s stock.
A number of equities research analysts recently issued reports on ABEV shares. JPMorgan Chase & Co. raised shares of AMBEV S A/S from an “underweight” rating to a “neutral” rating in a report on Friday. Zacks Investment Research raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, TheStreet raised shares of AMBEV S A/S from a “d+” rating to a “c-” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. AMBEV S A/S currently has an average rating of “Hold” and an average price target of $3.70.
Shares of NYSE ABEV opened at $2.68 on Friday. The firm has a market capitalization of $44.67 billion, a P/E ratio of 20.62, a PEG ratio of 4.50 and a beta of 1.03. AMBEV S A/S has a one year low of $1.90 and a one year high of $5.40. The company’s fifty day moving average is $2.71 and its two-hundred day moving average is $2.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 1.23.
AMBEV S A/S (NYSE:ABEV) last issued its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $3.13 billion. AMBEV S A/S had a return on equity of 13.70% and a net margin of 17.92%. On average, sell-side analysts forecast that AMBEV S A/S will post 0.11 earnings per share 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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