Seafarer Capital Partners LLC Has $73.37 Million Holdings in Ambev S.A. (NYSE:ABEV)

Seafarer Capital Partners LLC grew its stake in Ambev S.A. (NYSE:ABEV) by 6.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,069,000 shares of the company’s stock after purchasing an additional 1,770,000 shares during the period. Ambev makes up about 21.0% of Seafarer Capital Partners LLC’s portfolio, making the stock its biggest position. Seafarer Capital Partners LLC owned about 0.19% of Ambev worth $73,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its position in shares of Ambev by 5.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 8,545,370 shares of the company’s stock valued at $21,270,000 after purchasing an additional 423,792 shares during the last quarter. Sei Investments Co. lifted its stake in Ambev by 14.0% during the 1st quarter. Sei Investments Co. now owns 9,093,184 shares of the company’s stock valued at $22,551,000 after acquiring an additional 1,114,392 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Ambev by 8.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 70,787 shares of the company’s stock valued at $176,000 after purchasing an additional 5,767 shares during the period. Kiltearn Partners LLP grew its position in Ambev by 73.3% during the 1st quarter. Kiltearn Partners LLP now owns 10,168,100 shares of the company’s stock worth $24,607,000 after purchasing an additional 4,300,000 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Ambev by 311.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 768,419 shares of the company’s stock valued at $1,575,000 after buying an additional 581,880 shares during the last quarter. 8.13% of the stock is owned by institutional investors.

Ambev Trading Down 2.7 %

ABEV stock traded down $0.06 on Friday, hitting $2.17. 31,442,549 shares of the company were exchanged, compared to its average volume of 18,080,930. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 6.88 and a beta of 1.06. The business’s fifty day moving average is $2.32 and its two-hundred day moving average is $2.25. Ambev S.A. has a twelve month low of $2.01 and a twelve month high of $3.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ABEV shares. StockNews.com initiated coverage on Ambev in a report on Friday, October 18th. They issued a “buy” rating for the company. UBS Group cut their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.75.

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.