AMBEV S A/S (ABEV) Shares Bought by Bp Plc

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Bp Plc boosted its stake in AMBEV S A/S (NYSE:ABEV) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 630,960 shares of the company’s stock after acquiring an additional 23,500 shares during the quarter. Bp Plc’s holdings in AMBEV S A/S were worth $2,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sawtooth Solutions LLC purchased a new position in AMBEV S A/S in the 3rd quarter worth approximately $104,000. LPL Financial LLC purchased a new position in AMBEV S A/S in the 1st quarter worth approximately $227,000. Millennium Management LLC purchased a new position in AMBEV S A/S in the 1st quarter worth approximately $251,000. Fox Run Management L.L.C. purchased a new position in AMBEV S A/S in the 2nd quarter worth approximately $176,000. Finally, Bailard Inc. purchased a new position in AMBEV S A/S in the 2nd quarter worth approximately $278,000. Hedge funds and other institutional investors own 7.05% of the company’s stock.

Several research firms have recently commented on ABEV. Bank of America cut AMBEV S A/S from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $5.40 to $4.00 in a research note on Thursday, October 25th. JPMorgan Chase & Co. cut AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. UBS Group cut AMBEV S A/S from a “buy” rating to a “sell” rating in a research note on Tuesday, October 2nd. ValuEngine upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, Barclays upgraded AMBEV S A/S from an “equal weight” rating to an “overweight” rating and set a $7.00 target price for the company in a research note on Friday, July 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.13.

AMBEV S A/S stock opened at $4.43 on Wednesday. The company has a market cap of $70.03 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.17 and a beta of 0.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.02 and a quick ratio of 0.82. AMBEV S A/S has a 52 week low of $3.86 and a 52 week high of $7.43.

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About AMBEV S A/S

Ambev SA engages in the production, distribution, and sale of beverages. The company products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. Its operates a distribution network that comprises beverage distributors, supermarkets, bars and restaurants, as well as small groceries, bakeries, snack bars and franchises, and points of sale in Brazil.

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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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