Ambev S.A. (ABEV) Shares Sold by WCM Investment Management CA

WCM Investment Management CA lowered its stake in Ambev S.A. (NYSE:ABEV) by 15.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 718,382 shares of the company’s stock after selling 130,615 shares during the quarter. WCM Investment Management CA’s holdings in Ambev were worth $4,734,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Ambev by 17.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock valued at $472,786,000 after acquiring an additional 12,723,137 shares during the period. Neuberger Berman Group LLC grew its stake in Ambev by 0.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,838,533 shares of the company’s stock valued at $32,054,000 after acquiring an additional 39,385 shares during the period. State Street Corp grew its stake in Ambev by 2.9% in the 2nd quarter. State Street Corp now owns 13,657,066 shares of the company’s stock valued at $74,978,000 after acquiring an additional 385,863 shares during the period. Aberdeen Asset Management PLC UK grew its stake in Ambev by 65.0% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 5,555,409 shares of the company’s stock valued at $30,499,000 after acquiring an additional 2,188,000 shares during the period. Finally, First Trust Advisors LP grew its stake in Ambev by 1,915.2% in the 2nd quarter. First Trust Advisors LP now owns 299,079 shares of the company’s stock valued at $1,642,000 after acquiring an additional 284,238 shares during the period. 7.28% of the stock is currently owned by hedge funds and other institutional investors.

ABEV has been the topic of a number of research reports. Zacks Investment Research lowered Ambev from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC restated a “hold” rating on shares of Ambev in a report on Sunday, July 30th. BidaskClub lowered Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 28th. Evercore ISI restated an “outperform” rating and issued a $8.50 price objective (up previously from $7.00) on shares of Ambev in a report on Friday, October 13th. Finally, Credit Suisse Group upgraded Ambev from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Ambev presently has a consensus rating of “Hold” and an average target price of $7.83.

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Shares of Ambev S.A. (ABEV) remained flat at $$6.12 during mid-day trading on Tuesday. 14,779,000 shares of the company’s stock were exchanged, compared to its average volume of 21,450,543. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.08. The company has a market cap of $96,090.74, a PE ratio of 26.61 and a beta of 0.71. Ambev S.A. has a 52-week low of $4.70 and a 52-week high of $7.03.

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About Ambev

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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