Artisan Partners Limited Partnership Has $175.14 Million Stake in Ambev S.A. (ABEV)

Artisan Partners Limited Partnership lifted its stake in shares of Ambev S.A. (NYSE:ABEV) by 275.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,901,018 shares of the company’s stock after acquiring an additional 23,398,802 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.20% of Ambev worth $175,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Vontobel Asset Management Inc. grew its stake in Ambev by 4.6% during the second quarter. Vontobel Asset Management Inc. now owns 168,685,140 shares of the company’s stock worth $942,525,000 after purchasing an additional 7,409,229 shares during the period. Lazard Asset Management LLC grew its stake in Ambev by 5.1% during the first quarter. Lazard Asset Management LLC now owns 92,524,491 shares of the company’s stock worth $532,940,000 after purchasing an additional 4,527,340 shares during the period. JPMorgan Chase & Co. grew its stake in Ambev by 17.3% during the second quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock worth $472,786,000 after purchasing an additional 12,723,137 shares during the period. OppenheimerFunds Inc. grew its stake in Ambev by 1.8% during the first quarter. OppenheimerFunds Inc. now owns 63,866,440 shares of the company’s stock worth $367,871,000 after purchasing an additional 1,148,134 shares during the period. Finally, Vanguard Group Inc. grew its stake in Ambev by 1.5% during the first quarter. Vanguard Group Inc. now owns 40,196,354 shares of the company’s stock worth $231,531,000 after purchasing an additional 607,365 shares during the period. Institutional investors own 7.30% of the company’s stock.

Several equities research analysts recently commented on ABEV shares. Zacks Investment Research raised Ambev from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Monday, July 10th. Credit Suisse Group raised Ambev from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 12th. Finally, Barclays PLC reaffirmed a “hold” rating on shares of Ambev in a research note on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ambev currently has a consensus rating of “Buy” and an average price target of $6.10.

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Shares of Ambev S.A. (NYSE ABEV) traded down 0.073% during midday trading on Monday, reaching $6.805. The company’s stock had a trading volume of 2,540,576 shares. Ambev S.A. has a 52-week low of $4.70 and a 52-week high of $6.82. The stock has a 50-day moving average price of $6.28 and a 200-day moving average price of $5.83. The stock has a market cap of $106.89 billion, a price-to-earnings ratio of 28.354 and a beta of 0.66.

Ambev (NYSE:ABEV) last announced its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Ambev had a return on equity of 23.24% and a net margin of 27.14%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.33 billion. Equities research analysts anticipate that Ambev S.A. will post $0.23 earnings per share for the current fiscal year.

Ambev Profile

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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