Meitav Dash Investments Ltd. purchased a new stake in Ambev SA (NYSE:ABEV) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 30,748 shares of the company’s stock, valued at approximately $197,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in shares of Ambev by 136.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,255,699 shares of the company’s stock worth $272,973,000 after buying an additional 24,374,675 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Ambev during the 4th quarter worth $50,200,000. BlackRock Inc. increased its holdings in shares of Ambev by 13.2% during the 4th quarter. BlackRock Inc. now owns 37,564,941 shares of the company’s stock worth $242,670,000 after buying an additional 4,382,990 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ambev by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 90,277,034 shares of the company’s stock worth $592,218,000 after buying an additional 4,159,543 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its holdings in shares of Ambev by 55.8% during the 4th quarter. Standard Life Aberdeen plc now owns 9,721,009 shares of the company’s stock worth $62,798,000 after buying an additional 3,480,900 shares during the last quarter. Institutional investors own 7.20% of the company’s stock.
Shares of Ambev SA (NYSE ABEV) opened at $7.18 on Friday. The company has a market capitalization of $113,990.00, a price-to-earnings ratio of 47.87 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 0.08. Ambev SA has a twelve month low of $5.30 and a twelve month high of $7.43.
A number of research firms have recently commented on ABEV. TheStreet upgraded Ambev from a “c+” rating to a “b” rating in a report on Monday, March 5th. UBS upgraded Ambev from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded Ambev from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.83.
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.
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