Banco Santander S.A. lessened its position in AMBEV S A/S (NYSE:ABEV) by 84.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 497,138 shares of the company’s stock after selling 2,683,120 shares during the period. Banco Santander S.A.’s holdings in AMBEV S A/S were worth $2,138,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of AMBEV S A/S by 40.4% during the first quarter. Park Avenue Securities LLC now owns 28,956 shares of the company’s stock worth $126,000 after acquiring an additional 8,338 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of AMBEV S A/S by 92.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,837,707 shares of the company’s stock worth $7,902,000 after acquiring an additional 881,900 shares during the last quarter. South Texas Money Management Ltd. bought a new position in shares of AMBEV S A/S during the first quarter worth about $47,000. NumerixS Investment Technologies Inc grew its position in shares of AMBEV S A/S by 496.5% during the fourth quarter. NumerixS Investment Technologies Inc now owns 237,400 shares of the company’s stock worth $926,000 after acquiring an additional 197,600 shares during the last quarter. Finally, AMG National Trust Bank grew its position in shares of AMBEV S A/S by 6.3% during the first quarter. AMG National Trust Bank now owns 465,448 shares of the company’s stock worth $2,001,000 after acquiring an additional 27,457 shares during the last quarter. 7.32% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:ABEV traded down $0.04 during trading hours on Friday, hitting $4.67. 20,685,559 shares of the company’s stock traded hands, compared to its average volume of 21,801,964. AMBEV S A/S has a 52 week low of $3.77 and a 52 week high of $5.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 1.13. The company’s fifty day simple moving average is $4.46. The stock has a market cap of $73.41 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 3.16 and a beta of 0.69.
ABEV has been the subject of several recent research reports. Zacks Investment Research lowered shares of AMBEV S A/S from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. TheStreet lowered shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Finally, Bank of America upgraded shares of AMBEV S A/S from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 21st. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.33.
AMBEV S A/S Profile
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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