Natixis Advisors LLC Grows Stock Position in Ambev S.A. (NYSE:ABEV)

Natixis Advisors LLC increased its position in shares of Ambev S.A. (NYSE:ABEV) by 72.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,624,633 shares of the company’s stock after purchasing an additional 684,439 shares during the quarter. Natixis Advisors LLC’s holdings in Ambev were worth $3,964,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in Ambev by 27.7% during the 2nd quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock valued at $69,973,000 after acquiring an additional 7,412,395 shares in the last quarter. Seafarer Capital Partners LLC boosted its holdings in shares of Ambev by 6.3% during the 3rd quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after purchasing an additional 1,770,000 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Ambev by 29.4% in the second quarter. Pzena Investment Management LLC now owns 18,385,312 shares of the company’s stock valued at $37,690,000 after purchasing an additional 4,179,978 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of Ambev by 23.9% in the second quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock valued at $32,024,000 after purchasing an additional 2,982,621 shares during the last quarter. Finally, Kiltearn Partners LLP increased its holdings in shares of Ambev by 43.3% in the second quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock valued at $29,881,000 after purchasing an additional 4,407,800 shares during the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABEV. StockNews.com initiated coverage on Ambev in a research note on Friday, October 18th. They set a “buy” rating on the stock. UBS Group dropped their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Ambev has a consensus rating of “Moderate Buy” and an average price target of $2.70.

Ambev Trading Up 1.9 %

ABEV opened at $2.19 on Friday. The stock has a market capitalization of $34.50 billion, a PE ratio of 12.17, a P/E/G ratio of 6.69 and a beta of 1.06. Ambev S.A. has a one year low of $2.01 and a one year high of $3.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The business’s 50 day moving average price is $2.29 and its 200 day moving average price is $2.24.

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.