Fisher Asset Management LLC Sells 145,378 Shares of Ambev S.A. (NYSE:ABEV)

Fisher Asset Management LLC decreased its position in shares of Ambev S.A. (NYSE:ABEV) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,739,554 shares of the company’s stock after selling 145,378 shares during the quarter. Fisher Asset Management LLC’s holdings in Ambev were worth $16,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baron Wealth Management LLC grew its stake in shares of Ambev by 11.5% during the 4th quarter. Baron Wealth Management LLC now owns 38,362 shares of the company’s stock worth $107,000 after acquiring an additional 3,963 shares during the period. Hartford Financial Management Inc. boosted its stake in Ambev by 49.9% in the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock worth $36,000 after purchasing an additional 4,238 shares during the period. Rehmann Capital Advisory Group boosted its stake in Ambev by 37.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,021 shares of the company’s stock worth $41,000 after purchasing an additional 4,348 shares during the period. Scotia Capital Inc. boosted its stake in Ambev by 0.3% in the 4th quarter. Scotia Capital Inc. now owns 1,393,397 shares of the company’s stock worth $3,902,000 after purchasing an additional 4,509 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in Ambev by 15.9% in the 4th quarter. QRG Capital Management Inc. now owns 34,701 shares of the company’s stock worth $97,000 after purchasing an additional 4,763 shares during the period. Institutional investors own 8.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays cut their target price on Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. Finally, StockNews.com upgraded Ambev from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2.68.

Ambev Stock Performance

NYSE:ABEV opened at $2.08 on Wednesday. The business’s 50-day moving average price is $2.28 and its two-hundred day moving average price is $2.52. Ambev S.A. has a twelve month low of $2.05 and a twelve month high of $3.23. The stock has a market cap of $32.77 billion, a P/E ratio of 10.95, a PEG ratio of 3.12 and a beta of 1.07. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Ambev had a return on equity of 17.53% and a net margin of 18.25%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4 billion. As a group, equities analysts predict that Ambev S.A. will post 0.18 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, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.