Westwood Global Investments LLC Has $226.32 Million Stock Holdings in Ambev S.A. $ABEV

Westwood Global Investments LLC reduced its holdings in Ambev S.A. (NYSE:ABEV) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,488,754 shares of the company’s stock after selling 3,338,106 shares during the quarter. Ambev comprises 0.0% of Westwood Global Investments LLC’s portfolio, making the stock its 6th biggest holding. Westwood Global Investments LLC’s holdings in Ambev were worth $226,320,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Oxbow Advisors LLC acquired a new stake in shares of Ambev during the 3rd quarter worth about $2,805,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Ambev by 12.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 36,058,376 shares of the company’s stock worth $80,410,000 after buying an additional 3,864,844 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Ambev by 118.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 2,659,347 shares of the company’s stock valued at $5,986,000 after acquiring an additional 1,443,232 shares during the last quarter. Kapitalo Investimentos Ltda grew its position in Ambev by 216.3% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 1,784,142 shares of the company’s stock worth $3,979,000 after acquiring an additional 1,220,006 shares during the last quarter. Finally, Eldred Rock Partners LLC increased its holdings in Ambev by 11.6% during the 3rd quarter. Eldred Rock Partners LLC now owns 3,962,046 shares of the company’s stock valued at $8,926,000 after purchasing an additional 412,189 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ABEV has been the topic of a number of recent analyst reports. Weiss Ratings raised Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Barclays upped their target price on shares of Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $2.88 price target on shares of Ambev in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.69.

Ambev Stock Down 2.2%

Shares of NYSE:ABEV opened at $2.84 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.96 and a quick ratio of 0.73. The stock has a market cap of $44.67 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.14 and a beta of 0.64. The company has a 50 day moving average of $2.90 and a 200-day moving average of $2.55. Ambev S.A. has a one year low of $2.10 and a one year high of $3.24.

Ambev (NYSE:ABEV) last issued its earnings results on Thursday, February 12th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Ambev had a net margin of 17.75% and a return on equity of 16.41%. On average, sell-side analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.