AMBEV S A/S (NYSE:ABEV) Shares Sold by Toroso Investments LLC

Toroso Investments LLC lowered its holdings in shares of AMBEV S A/S (NYSE:ABEV) by 20.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,242 shares of the company’s stock after selling 5,869 shares during the period. Toroso Investments LLC’s holdings in AMBEV S A/S were worth $109,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Signaturefd LLC boosted its stake in AMBEV S A/S by 75.5% during the 2nd quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock worth $43,000 after purchasing an additional 3,996 shares during the period. Deprince Race & Zollo Inc. boosted its stake in AMBEV S A/S by 12.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,160,600 shares of the company’s stock worth $5,420,000 after purchasing an additional 124,900 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of AMBEV S A/S by 9.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 559,620 shares of the company’s stock worth $2,399,000 after acquiring an additional 47,138 shares during the period. Commerce Bank lifted its stake in shares of AMBEV S A/S by 48.3% in the 1st quarter. Commerce Bank now owns 15,114 shares of the company’s stock worth $65,000 after acquiring an additional 4,923 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of AMBEV S A/S in the 1st quarter worth $19,612,000. Hedge funds and other institutional investors own 7.49% of the company’s stock.

Shares of ABEV stock traded up $0.09 during mid-day trading on Wednesday, hitting $4.73. The stock had a trading volume of 23,106,107 shares, compared to its average volume of 27,603,736. AMBEV S A/S has a fifty-two week low of $3.77 and a fifty-two week high of $5.45. The firm has a market cap of $72.90 billion, a PE ratio of 24.84, a PEG ratio of 4.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.21 and a quick ratio of 0.93. The company’s 50-day simple moving average is $4.68 and its 200-day simple moving average is $4.60.

AMBEV S A/S (NYSE:ABEV) last released its earnings results on Thursday, July 25th. The company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. AMBEV S A/S had a net margin of 22.15% and a return on equity of 19.48%. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.18 billion. On average, analysts expect that AMBEV S A/S will post 0.2 EPS for the current year.

Several analysts have recently commented on ABEV shares. Zacks Investment Research upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Barclays cut shares of AMBEV S A/S from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. ValuEngine cut shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Itau BBA Securities cut shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. upgraded shares of AMBEV S A/S from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. AMBEV S A/S has an average rating of “Hold” and an average price target of $5.00.

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

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