Grantham Mayo Van Otterloo & Co. LLC Has $5.75 Million Holdings in Ambev S.A. $ABEV

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Ambev S.A. (NYSE:ABEV) by 12,937.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,385,900 shares of the company’s stock after buying an additional 2,367,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Ambev were worth $5,750,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its position in Ambev by 105.8% during the 1st quarter. Russell Investments Group Ltd. now owns 16,170,388 shares of the company’s stock worth $37,677,000 after purchasing an additional 8,312,561 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Ambev by 836.1% in the first quarter. Great Lakes Advisors LLC now owns 4,954,218 shares of the company’s stock valued at $11,543,000 after purchasing an additional 4,424,987 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Ambev by 538.4% in the first quarter. Walleye Capital LLC now owns 5,242,702 shares of the company’s stock worth $12,215,000 after buying an additional 4,421,534 shares during the period. Strs Ohio purchased a new position in shares of Ambev during the first quarter valued at $7,133,000. Finally, Invesco Ltd. raised its position in Ambev by 98.6% during the first quarter. Invesco Ltd. now owns 3,803,683 shares of the company’s stock valued at $8,863,000 after buying an additional 1,887,987 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Price Performance

Shares of ABEV opened at $2.55 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11. The firm has a market cap of $40.21 billion, a PE ratio of 15.95, a PEG ratio of 2.19 and a beta of 0.85. The firm’s 50 day moving average price is $2.33 and its 200 day moving average price is $2.34. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.63.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.97 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. As a group, research analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ABEV shares. Zacks Research raised Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a research report on Tuesday. UBS Group cut their target price on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $2.88 target price on shares of Ambev in a research note on Wednesday. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $2.53.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.