Ambev S.A. (NYSE:ABEV) Position Lessened by Westwood Global Investments LLC

Westwood Global Investments LLC lessened its holdings in shares of Ambev S.A. (NYSE:ABEV) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,346,110 shares of the company’s stock after selling 820,557 shares during the quarter. Ambev comprises 10.4% of Westwood Global Investments LLC’s investment portfolio, making the stock its 6th largest position. Westwood Global Investments LLC owned about 0.64% of Ambev worth $207,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. IPG Investment Advisors LLC purchased a new stake in shares of Ambev during the 4th quarter valued at $30,000. Radnor Capital Management LLC purchased a new position in shares of Ambev in the 1st quarter worth about $25,000. HighPoint Advisor Group LLC bought a new position in shares of Ambev during the 4th quarter valued at about $31,000. Lake Street Advisors Group LLC purchased a new position in shares of Ambev during the 1st quarter valued at about $28,000. Finally, Abacus Wealth Partners LLC bought a new stake in Ambev in the 1st quarter worth approximately $38,000. 8.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group decreased their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. StockNews.com cut Ambev from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.75.

Ambev Price Performance

Shares of Ambev stock opened at $2.31 on Monday. The company’s fifty day simple moving average is $2.23 and its two-hundred day simple moving average is $2.29. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $3.00. The firm has a market cap of $36.39 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 5.27 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Ambev had a return on equity of 16.94% and a net margin of 17.93%. During the same period last year, the firm earned $0.03 earnings per share. As a group, equities analysts expect that Ambev S.A. will post 0.17 EPS for the current year.

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.