Ambev S.A. (NYSE:ABEV) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its position in Ambev S.A. (NYSE:ABEV) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,678,655 shares of the company’s stock after acquiring an additional 65,746 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.27% of Ambev worth $87,491,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Ambev by 5.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 8,545,370 shares of the company’s stock valued at $21,270,000 after acquiring an additional 423,792 shares in the last quarter. Kiltearn Partners LLP lifted its position in shares of Ambev by 234.8% in the 4th quarter. Kiltearn Partners LLP now owns 5,868,100 shares of the company’s stock valued at $16,431,000 after acquiring an additional 4,115,300 shares in the last quarter. Sei Investments Co. increased its stake in Ambev by 14.0% in the 1st quarter. Sei Investments Co. now owns 9,093,184 shares of the company’s stock valued at $22,551,000 after buying an additional 1,114,392 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Ambev by 8.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 70,787 shares of the company’s stock valued at $176,000 after buying an additional 5,767 shares during the period. Finally, Perpetual Ltd increased its stake in Ambev by 10.1% in the 1st quarter. Perpetual Ltd now owns 65,003,922 shares of the company’s stock valued at $161,210,000 after buying an additional 5,943,974 shares during the period. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

Shares of ABEV opened at $2.39 on Thursday. The company’s fifty day moving average is $2.25 and its 200-day moving average is $2.29. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. The firm has a market cap of $37.65 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 5.27 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Ambev had a net margin of 17.93% and a return on equity of 16.94%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the business posted $0.03 EPS. Equities analysts expect that Ambev S.A. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. StockNews.com lowered shares of Ambev from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Ambev Company 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.