According to Zacks, “Companhia de Bebidas das Americas (AmBev), based in São Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo International, Inc. to bottle, sell and distribute Pepsi products in Brazil and in other Latin American countries, including Lipton Ice Tea, Gatorade, H2OH!, Propel and Frutzzz. AmBev conducts its operations through three business units: Latin America North, Latin America South and Canada. Latin America North includes its operations in Brazil, where it operates two divisions: beer sales and carbonated soft drinks and non-alcoholic non-carbonated sales; and its operations in its Hispanic Latin America Operations, excluding Latin America South, operations. Latin America South includes its Quinsa operations in the countries of Argentina, Bolivia, Paraguay, Uruguay and Chile. Canada, represented by Labatt, includes domestic sales in Canada. “
A number of other research firms also recently weighed in on ABEV. Barclays downgraded shares of AMBEV S A/S from an overweight rating to an equal weight rating in a research note on Tuesday, August 27th. ValuEngine downgraded shares of AMBEV S A/S from a buy rating to a hold rating in a research note on Tuesday, August 6th. Itau BBA Securities downgraded shares of AMBEV S A/S from an outperform rating to a market perform rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. upgraded shares of AMBEV S A/S from an underweight rating to a neutral rating and set a $6.00 price target on the stock in a research note on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and an average price target of $5.50.
AMBEV S A/S stock remained flat at $$4.15 during trading hours on Wednesday. 22,570,142 shares of the company’s stock were exchanged, compared to its average volume of 26,028,305. The company has a market cap of $65.43 billion, a P/E ratio of 21.84, a P/E/G ratio of 3.96 and a beta of 0.69. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.05 and a current ratio of 1.33. AMBEV S A/S has a 12-month low of $3.77 and a 12-month high of $5.45. The stock has a fifty day moving average price of $4.48 and a 200 day moving average price of $4.62.
Institutional investors and hedge funds have recently bought and sold shares of the company. LGT Capital Partners LTD. raised its holdings in AMBEV S A/S by 2.4% in the 2nd quarter. LGT Capital Partners LTD. now owns 4,796,790 shares of the company’s stock valued at $22,401,000 after buying an additional 113,100 shares during the last quarter. Boston Private Wealth LLC bought a new position in AMBEV S A/S in the 2nd quarter valued at approximately $52,000. Unison Advisors LLC raised its holdings in AMBEV S A/S by 1.4% in the 2nd quarter. Unison Advisors LLC now owns 250,941 shares of the company’s stock valued at $1,172,000 after buying an additional 3,367 shares during the last quarter. Hollencrest Capital Management bought a new position in AMBEV S A/S in the 2nd quarter valued at approximately $55,000. Finally, Bessemer Group Inc. raised its holdings in AMBEV S A/S by 15.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,651,430 shares of the company’s stock valued at $12,382,000 after buying an additional 351,897 shares during the last quarter. Institutional investors own 7.45% of the company’s stock.
AMBEV S A/S Company 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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