Ambev S.A. (NYSE:ABEV) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ambev S.A. (NYSE:ABEV) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $2.70.

Separately, StockNews.com began coverage on Ambev in a research note on Friday, October 18th. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Ambev

Institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 acquiring an additional 226,238 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Ambev by 27.7% during 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. Seafarer Capital Partners LLC increased its position in Ambev by 6.3% in the 3rd quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock valued at $73,368,000 after acquiring an additional 1,770,000 shares during the period. Pzena Investment Management LLC lifted its position in Ambev by 29.4% during the 2nd quarter. Pzena Investment Management LLC now owns 18,385,312 shares of the company’s stock worth $37,690,000 after acquiring an additional 4,179,978 shares during the period. Finally, Brandes Investment Partners LP grew its stake in shares of Ambev by 23.9% in the 2nd quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock valued at $32,024,000 after purchasing an additional 2,982,621 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Trading Up 3.8 %

NYSE ABEV opened at $2.35 on Friday. Ambev has a one year low of $2.01 and a one year high of $3.00. The firm has a 50 day simple moving average of $2.27 and a 200-day simple moving average of $2.23. The firm has a market cap of $36.94 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 6.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20.

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.