Ninety One UK Ltd Grows Stock Holdings in Ambev S.A. (NYSE:ABEV)

Ninety One UK Ltd boosted its holdings in Ambev S.A. (NYSE:ABEV) by 39.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,325,227 shares of the company’s stock after buying an additional 936,724 shares during the period. Ninety One UK Ltd’s holdings in Ambev were worth $6,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Perpetual Ltd boosted its holdings in Ambev by 10.1% in the 1st quarter. Perpetual Ltd now owns 65,003,922 shares of the company’s stock valued at $161,210,000 after purchasing an additional 5,943,974 shares during the period. Seafarer Capital Partners LLC boosted its holdings in Ambev by 29.9% in the 1st quarter. Seafarer Capital Partners LLC now owns 25,199,000 shares of the company’s stock valued at $62,494,000 after purchasing an additional 5,800,000 shares during the period. Ruffer LLP boosted its holdings in Ambev by 12.4% in the 4th quarter. Ruffer LLP now owns 51,517,699 shares of the company’s stock valued at $144,494,000 after purchasing an additional 5,699,184 shares during the period. Oldfield Partners LLP bought a new position in Ambev in the 1st quarter valued at $12,157,000. Finally, Kiltearn Partners LLP lifted its holdings in shares of Ambev by 73.3% during the 1st quarter. Kiltearn Partners LLP now owns 10,168,100 shares of the company’s stock worth $24,607,000 after acquiring an additional 4,300,000 shares during the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Trading Down 1.7 %

Shares of NYSE:ABEV traded down $0.04 during trading on Tuesday, reaching $2.38. 13,344,316 shares of the company traded hands, compared to its average volume of 16,158,645. The company has a current ratio of 0.99, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 52-week low of $2.01 and a 52-week high of $3.00. The business’s fifty day moving average is $2.14 and its 200-day moving average is $2.32. The firm has a market capitalization of $37.49 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 3.14 and a beta of 1.06.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Ambev had a return on equity of 17.16% and a net margin of 17.93%. During the same period last year, the firm earned $0.03 earnings per share. As a group, analysts forecast that Ambev S.A. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ABEV. UBS Group dropped their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Barclays dropped their price objective on shares of Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Finally, StockNews.com downgraded shares of Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Ambev has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.