Barclays PLC reduced its stake in shares of AMBEV S A/S (NYSE:ABEV) by 37.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 423,863 shares of the company’s stock after selling 256,000 shares during the quarter. Barclays PLC’s holdings in AMBEV S A/S were worth $1,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ABEV. BB&T Corp lifted its holdings in shares of AMBEV S A/S by 52.8% in the 2nd quarter. BB&T Corp now owns 169,253 shares of the company’s stock worth $791,000 after buying an additional 58,480 shares during the period. Wetherby Asset Management Inc. lifted its stake in AMBEV S A/S by 24.8% in the second quarter. Wetherby Asset Management Inc. now owns 60,600 shares of the company’s stock worth $283,000 after acquiring an additional 12,035 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in AMBEV S A/S in the second quarter worth about $28,000. Advisor Partners LLC bought a new position in AMBEV S A/S during the 2nd quarter worth about $113,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in AMBEV S A/S by 87.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 167,050 shares of the company’s stock worth $780,000 after acquiring an additional 77,800 shares in the last quarter. 7.66% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on ABEV. Zacks Investment Research upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Barclays downgraded shares of AMBEV S A/S from an “equal weight” rating to an “underweight” rating and set a $3.50 price objective on the stock. in a research note on Tuesday. Itau BBA Securities lowered shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, UBS Group reissued a “sell” rating and issued a $3.90 price objective (down previously from $4.30) on shares of AMBEV S A/S in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $4.60.

ABEV opened at $4.32 on Friday. The firm has a market capitalization of $67.78 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.98 and a beta of 0.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.05. The business’s 50-day moving average is $4.32 and its two-hundred day moving average is $4.59. AMBEV S A/S has a 1 year low of $3.77 and a 1 year high of $5.45.

AMBEV S A/S Company 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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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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