AMBEV S A/S (NYSE:ABEV) Shares Purchased by Morningstar Investment Services LLC

Morningstar Investment Services LLC boosted its holdings in AMBEV S A/S (NYSE:ABEV) by 30.4% during the 2nd quarter, Holdings Channel reports. The fund owned 2,898,270 shares of the company’s stock after acquiring an additional 675,980 shares during the quarter. Morningstar Investment Services LLC’s holdings in AMBEV S A/S were worth $7,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its position in shares of AMBEV S A/S by 102.7% during the 1st quarter. Signaturefd LLC now owns 23,451 shares of the company’s stock valued at $54,000 after purchasing an additional 11,879 shares during the period. BOKF NA grew its holdings in shares of AMBEV S A/S by 18.2% in the 1st quarter. BOKF NA now owns 37,918 shares of the company’s stock worth $88,000 after acquiring an additional 5,835 shares during the last quarter. Deltec Asset Management LLC grew its holdings in shares of AMBEV S A/S by 21.7% in the 1st quarter. Deltec Asset Management LLC now owns 28,000 shares of the company’s stock worth $64,000 after acquiring an additional 5,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of AMBEV S A/S by 66.1% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 31,810 shares of the company’s stock worth $73,000 after acquiring an additional 12,659 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of AMBEV S A/S by 13.1% in the 1st quarter. Two Sigma Advisers LP now owns 3,671,100 shares of the company’s stock worth $8,444,000 after acquiring an additional 424,200 shares during the last quarter. Hedge funds and other institutional investors own 8.58% of the company’s stock.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded AMBEV S A/S from an “underweight” rating to a “neutral” rating in a report on Friday. TheStreet upgraded AMBEV S A/S from a “d+” rating to a “c-” rating in a report on Monday, July 27th. Finally, Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Monday, July 13th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. AMBEV S A/S has a consensus rating of “Hold” and a consensus target price of $3.70.

Shares of AMBEV S A/S stock traded down $0.16 during midday trading on Friday, hitting $2.68. The company’s stock had a trading volume of 26,136,183 shares, compared to its average volume of 37,230,244. The firm has a market capitalization of $42.15 billion, a P/E ratio of 20.62, a PEG ratio of 4.24 and a beta of 1.03. The stock has a 50-day simple moving average of $2.71 and a 200-day simple moving average of $2.89. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. AMBEV S A/S has a 1-year low of $1.90 and a 1-year high of $5.40.

AMBEV S A/S (NYSE:ABEV) last issued its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $3.13 billion. AMBEV S A/S had a return on equity of 13.70% and a net margin of 17.92%. As a group, sell-side analysts predict that AMBEV S A/S will post 0.11 earnings per share for the current year.

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.

Read More: Economic Bubble

Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMBEV S A/S (NYSE:ABEV).

Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

Receive News & Ratings for AMBEV S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMBEV S A/S and related companies with MarketBeat.com's FREE daily email newsletter.