Ambev S.A. (NYSE:ABEV) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 47.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 173,000 shares of the company’s stock after acquiring an additional 56,000 shares during the period. Daiwa Securities Group Inc.’s holdings in Ambev were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ABEV. Schroder Investment Management Group grew its holdings in Ambev by 49.1% in the third quarter. Schroder Investment Management Group now owns 12,195,474 shares of the company’s stock valued at $31,464,000 after purchasing an additional 4,013,914 shares during the period. Westwood Global Investments LLC grew its stake in Ambev by 3.1% in the 3rd quarter. Westwood Global Investments LLC now owns 107,182,643 shares of the company’s stock valued at $276,531,000 after acquiring an additional 3,229,411 shares during the period. Envestnet Asset Management Inc. grew its stake in Ambev by 83.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,802,121 shares of the company’s stock valued at $12,389,000 after acquiring an additional 2,188,454 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Ambev by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 35,318,227 shares of the company’s stock worth $91,121,000 after acquiring an additional 1,914,467 shares in the last quarter. Finally, Seafarer Capital Partners LLC raised its position in Ambev by 10.6% during the third quarter. Seafarer Capital Partners LLC now owns 18,399,000 shares of the company’s stock worth $47,469,000 after acquiring an additional 1,760,000 shares during the period. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Trading Down 0.4 %

ABEV opened at $2.31 on Friday. The firm has a market capitalization of $36.38 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The company’s 50 day simple moving average is $2.47 and its two-hundred day simple moving average is $2.62. Ambev S.A. has a 1-year low of $2.23 and a 1-year high of $3.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $4.04 billion during the quarter. Ambev had a return on equity of 17.60% and a net margin of 18.19%. Analysts expect that Ambev S.A. will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ABEV shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Barclays cut Ambev from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $3.50 to $3.00 in a report on Monday, March 4th. Finally, StockNews.com initiated coverage on Ambev in a research note on Friday, January 26th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ambev has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Ambev Profile

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.