SG Americas Securities LLC Raises Stock Position in Ambev S.A. (NYSE:ABEV)

SG Americas Securities LLC grew its holdings in shares of Ambev S.A. (NYSE:ABEV) by 546.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,383 shares of the company’s stock after buying an additional 58,657 shares during the quarter. SG Americas Securities LLC’s holdings in Ambev were worth $169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its position in Ambev by 5.2% during the first 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 during the last quarter. Sei Investments Co. grew its holdings in Ambev by 14.0% during the 1st quarter. Sei Investments Co. now owns 9,093,184 shares of the company’s stock valued at $22,551,000 after purchasing an additional 1,114,392 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Ambev by 8.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 70,787 shares of the company’s stock worth $176,000 after purchasing an additional 5,767 shares during the period. Kiltearn Partners LLP raised its position in Ambev by 73.3% in the 1st quarter. Kiltearn Partners LLP now owns 10,168,100 shares of the company’s stock worth $24,607,000 after purchasing an additional 4,300,000 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Ambev by 311.9% in the second quarter. Assenagon Asset Management S.A. now owns 768,419 shares of the company’s stock worth $1,575,000 after purchasing an additional 581,880 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ABEV shares. UBS Group cut their target price on 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 initiated coverage on Ambev in a research report on Friday, October 18th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ambev presently has a consensus rating of “Hold” and an average price target of $2.75.

Ambev Stock Performance

Ambev stock opened at $2.25 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.11. The company has a market capitalization of $35.45 billion, a PE ratio of 11.84, a P/E/G ratio of 5.34 and a beta of 1.05. The company has a 50 day moving average price of $2.35 and a 200-day moving average price of $2.26. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00.

Ambev (NYSE:ABEV) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.03 EPS. As a group, equities analysts forecast that Ambev S.A. will post 0.17 earnings per share for the current year.

Ambev 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.