Parallel Advisors LLC Sells 9,102 Shares of Ambev S.A. (NYSE:ABEV)

Parallel Advisors LLC trimmed its position in Ambev S.A. (NYSE:ABEVFree Report) by 29.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,284 shares of the company’s stock after selling 9,102 shares during the quarter. Parallel Advisors LLC’s holdings in Ambev were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ABEV. Jump Financial LLC increased its holdings in Ambev by 203.9% during the 3rd quarter. Jump Financial LLC now owns 120,191 shares of the company’s stock worth $310,000 after purchasing an additional 80,641 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Ambev by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 35,318,227 shares of the company’s stock worth $91,121,000 after purchasing an additional 1,914,467 shares in the last quarter. AMG National Trust Bank bought a new stake in Ambev during the 3rd quarter worth approximately $767,000. Vanguard Personalized Indexing Management LLC increased its holdings in Ambev by 51.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 128,171 shares of the company’s stock worth $331,000 after purchasing an additional 43,705 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Ambev during the 3rd quarter worth approximately $242,000. 8.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ABEV has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a report on Friday, March 1st. Barclays decreased their price objective on Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Finally, StockNews.com raised Ambev from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.68.

Check Out Our Latest Research Report on ABEV

Ambev Price Performance

Shares of NYSE ABEV opened at $2.25 on Friday. Ambev S.A. has a twelve month low of $2.17 and a twelve month high of $3.23. The stock’s 50 day moving average price is $2.34 and its 200-day moving average price is $2.56. The company has a market capitalization of $35.45 billion, a PE ratio of 11.84, a PEG ratio of 3.27 and a beta of 1.07. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEVGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a return on equity of 17.53% and a net margin of 18.25%. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4 billion. On average, equities analysts anticipate that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Company Profile

(Free Report)

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, 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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Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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