Cerity Partners LLC lowered its holdings in shares of Ambev S.A. (NYSE:ABEV – Get Rating) by 82.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,026 shares of the company’s stock after selling 69,809 shares during the quarter. Cerity Partners LLC’s holdings in Ambev were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of ABEV. First Eagle Investment Management LLC raised its holdings in shares of Ambev by 19.0% during the 1st quarter. First Eagle Investment Management LLC now owns 274,313,808 shares of the company’s stock valued at $886,034,000 after purchasing an additional 43,840,921 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Ambev by 343.9% during the 1st quarter. Bank of America Corp DE now owns 18,063,699 shares of the company’s stock valued at $58,346,000 after purchasing an additional 13,994,065 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Ambev by 20.3% during the 1st quarter. BlackRock Inc. now owns 44,734,818 shares of the company’s stock valued at $144,494,000 after purchasing an additional 7,564,065 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Ambev by 13.4% during the 1st quarter. JPMorgan Chase & Co. now owns 38,775,676 shares of the company’s stock valued at $125,246,000 after purchasing an additional 4,573,534 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Ambev by 195.2% in the 1st quarter. Renaissance Technologies LLC now owns 5,879,931 shares of the company’s stock valued at $18,992,000 after buying an additional 3,888,331 shares during the last quarter. Institutional investors own 8.44% of the company’s stock.
Ambev Stock Performance
NYSE:ABEV opened at $2.92 on Thursday. Ambev S.A. has a 1 year low of $2.42 and a 1 year high of $3.32. The firm’s fifty day simple moving average is $2.93 and its 200 day simple moving average is $2.83. The company has a current ratio of 1.19, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $45.95 billion, a PE ratio of 18.25, a PEG ratio of 2.07 and a beta of 1.05.
Wall Street Analysts Forecast Growth
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.
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