Ambev S.A. (NYSE:ABEV) Shares Acquired by Creative Planning

Creative Planning boosted its holdings in Ambev S.A. (NYSE:ABEV) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,335 shares of the company’s stock after acquiring an additional 24,678 shares during the quarter. Creative Planning’s holdings in Ambev were worth $532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Management Group Inc. purchased a new stake in shares of Ambev during the second quarter valued at $19,149,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Ambev by 323.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock worth $20,322,000 after buying an additional 7,570,842 shares during the period. Renaissance Technologies LLC increased its position in shares of Ambev by 27.7% in the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after acquiring an additional 7,412,395 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Ambev by 324.8% in the 2nd quarter. Marshall Wace LLP now owns 8,324,037 shares of the company’s stock valued at $17,064,000 after acquiring an additional 6,364,592 shares in the last quarter. Finally, Perpetual Ltd boosted its stake in Ambev by 10.1% in the 1st quarter. Perpetual Ltd now owns 65,003,922 shares of the company’s stock worth $161,210,000 after purchasing an additional 5,943,974 shares during the period. 8.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABEV has been the topic of several recent analyst reports. UBS Group reduced their target price on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. StockNews.com lowered Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.75.

Ambev Price Performance

ABEV opened at $2.34 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 1 year low of $2.01 and a 1 year high of $3.00. The stock has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.27. The stock has a market cap of $36.86 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 5.34 and a beta of 1.05.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting 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 quarter in the previous year, the business posted $0.03 EPS. Analysts forecast that Ambev S.A. will post 0.17 EPS for the current fiscal 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.