AMBEV S A/S (ABEV) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in AMBEV S A/S (NYSE:ABEV) by 18.3% in the 4th quarter, Holdings Channel reports. The firm owned 336,884 shares of the company’s stock after selling 75,619 shares during the period. First Trust Advisors LP’s holdings in AMBEV S A/S were worth $1,321,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Ruggie Capital Group bought a new stake in shares of AMBEV S A/S during the 4th quarter valued at $37,000. Navellier & Associates Inc raised its position in shares of AMBEV S A/S by 79.0% during the 4th quarter. Navellier & Associates Inc now owns 9,770 shares of the company’s stock valued at $38,000 after acquiring an additional 4,312 shares during the last quarter. Iberiabank Corp bought a new stake in shares of AMBEV S A/S during the 4th quarter valued at $71,000. PICTET BANK & TRUST Ltd bought a new stake in shares of AMBEV S A/S during the 4th quarter valued at $73,000. Finally, TD Asset Management Inc. raised its position in shares of AMBEV S A/S by 40.4% during the 4th quarter. TD Asset Management Inc. now owns 18,968 shares of the company’s stock valued at $74,000 after acquiring an additional 5,460 shares during the last quarter. Hedge funds and other institutional investors own 7.00% of the company’s stock.

Several brokerages have commented on ABEV. Itau BBA Securities cut shares of AMBEV S A/S from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 28th. Santander lowered shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Zacks Investment Research lowered shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, TheStreet raised shares of AMBEV S A/S from a “c” rating to a “b-” rating in a report on Friday, February 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.63.



Shares of ABEV stock opened at $4.28 on Friday. AMBEV S A/S has a 12-month low of $3.77 and a 12-month high of $7.35. The firm has a market capitalization of $67.28 billion, a PE ratio of 20.38, a PEG ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 0.80.

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About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, 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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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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