Dimensional Fund Advisors LP Lowers Stock Position in Ambev S.A. (NYSE:ABEV)

Dimensional Fund Advisors LP reduced its position in Ambev S.A. (NYSE:ABEV) by 6.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,144,520 shares of the company’s stock after selling 598,437 shares during the period. Dimensional Fund Advisors LP’s holdings in Ambev were worth $16,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Management Group Inc. purchased a new position in shares of Ambev in the 2nd quarter worth about $19,149,000. Allspring Global Investments Holdings LLC raised its holdings in Ambev by 323.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock valued at $20,322,000 after buying an additional 7,570,842 shares during the period. Perpetual Ltd lifted its position in Ambev by 10.1% during the first 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 in the last quarter. Seafarer Capital Partners LLC grew its stake in Ambev by 29.9% during the first quarter. Seafarer Capital Partners LLC now owns 25,199,000 shares of the company’s stock worth $62,494,000 after buying an additional 5,800,000 shares during the period. Finally, Kiltearn Partners LLP increased its position in shares of Ambev by 73.3% in the first quarter. Kiltearn Partners LLP now owns 10,168,100 shares of the company’s stock worth $24,607,000 after acquiring an additional 4,300,000 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

ABEV has been the subject of a number of research reports. StockNews.com cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group decreased their target price on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.75.

Ambev Stock Performance

Ambev stock opened at $2.47 on Friday. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $3.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.78. The company has a market capitalization of $38.91 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 5.23 and a beta of 1.05. The firm’s fifty day moving average price is $2.31 and its 200 day moving average price is $2.28.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.56 billion. Ambev had a return on equity of 16.94% and a net margin of 17.93%. During the same period in the previous year, the business earned $0.03 EPS. On average, research analysts forecast that Ambev S.A. will post 0.17 EPS for the current fiscal year.

About Ambev

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.