Iberiabank Corp Has $76,000 Stock Position in AMBEV S A/S (NYSE:ABEV)

Iberiabank Corp lifted its position in AMBEV S A/S (NYSE:ABEV) by 21.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,697 shares of the company’s stock after buying an additional 5,107 shares during the period. Iberiabank Corp’s holdings in AMBEV S A/S were worth $76,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC bought a new position in AMBEV S A/S in the first quarter valued at approximately $379,797,000. Massachusetts Financial Services Co. MA lifted its position in AMBEV S A/S by 11.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 95,462,579 shares of the company’s stock valued at $219,564,000 after acquiring an additional 10,014,262 shares in the last quarter. Westwood Global Investments LLC acquired a new position in AMBEV S A/S in the 1st quarter worth $109,984,000. AKO Capital LLP increased its holdings in AMBEV S A/S by 20.4% during the 1st quarter. AKO Capital LLP now owns 47,067,531 shares of the company’s stock worth $108,255,000 after purchasing an additional 7,975,590 shares in the last quarter. Finally, State Street Corp increased its holdings in AMBEV S A/S by 4.9% during the 1st quarter. State Street Corp now owns 25,694,211 shares of the company’s stock worth $59,097,000 after purchasing an additional 1,201,098 shares in the last quarter. 8.58% of the stock is currently owned by institutional investors and hedge funds.

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

NYSE:ABEV opened at $2.68 on Friday. AMBEV S A/S has a 52-week low of $1.90 and a 52-week high of $5.40. The company has a market cap of $42.15 billion, a P/E ratio of 20.62, a P/E/G ratio of 4.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 1.23. The stock’s 50-day simple moving average is $2.71 and its 200 day simple moving average is $2.89.

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

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

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