Ambev (NYSE:ABEV) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Ambev (NYSE:ABEV) in a report issued on Saturday. The brokerage set a “buy” rating on the stock.

Ambev Stock Performance

Ambev stock opened at $1.79 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The stock has a fifty day moving average of $2.09 and a two-hundred day moving average of $2.20. The company has a market capitalization of $28.12 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 6.67 and a beta of 1.05. Ambev has a fifty-two week low of $1.76 and a fifty-two week high of $2.82.

Institutional Investors Weigh In On Ambev

Several hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its position in Ambev by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock valued at $104,688,000 after purchasing an additional 226,238 shares during the period. Renaissance Technologies LLC raised 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 valued at $69,973,000 after purchasing an additional 7,412,395 shares during the period. Seafarer Capital Partners LLC increased its position in shares of Ambev by 6.3% during the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after acquiring an additional 1,770,000 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of Ambev by 23.9% during the second quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock worth $32,024,000 after acquiring an additional 2,982,621 shares during the last quarter. Finally, Kiltearn Partners LLP increased its position in shares of Ambev by 43.3% during the second quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock worth $29,881,000 after acquiring an additional 4,407,800 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

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.