Ambev S.A. (NYSE:ABEV) Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its position in Ambev S.A. (NYSE:ABEV) by 23.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,456,266 shares of the company’s stock after purchasing an additional 2,982,621 shares during the period. Brandes Investment Partners LP owned approximately 0.10% of Ambev worth $32,024,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ABEV. Private Management Group Inc. acquired a new stake in shares of Ambev in the second quarter valued at $19,149,000. Allspring Global Investments Holdings LLC boosted its holdings in Ambev by 323.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock worth $20,322,000 after buying an additional 7,570,842 shares in the last quarter. Renaissance Technologies LLC grew its position in Ambev by 27.7% in the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after buying an additional 7,412,395 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Ambev by 324.8% in the second quarter. Marshall Wace LLP now owns 8,324,037 shares of the company’s stock valued at $17,064,000 after buying an additional 6,364,592 shares in the last quarter. Finally, Perpetual Ltd lifted its position in shares of Ambev by 10.1% during the 1st quarter. Perpetual Ltd now owns 65,003,922 shares of the company’s stock valued at $161,210,000 after acquiring an additional 5,943,974 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABEV. StockNews.com lowered Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group cut their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Ambev presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Stock Performance

Shares of Ambev stock opened at $2.40 on Monday. Ambev S.A. has a 12 month low of $2.01 and a 12 month high of $3.00. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The stock has a market cap of $37.81 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 5.23 and a beta of 1.05. The business has a fifty day simple moving average of $2.28 and a 200-day simple moving average of $2.28.

Ambev (NYSE:ABEV) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 16.94% and a net margin of 17.93%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the company earned $0.03 EPS. On average, sell-side analysts anticipate that Ambev S.A. will post 0.17 EPS for the current fiscal year.

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.