1 day Ago By Defense World Staff
Bank of New York Mellon Corp increased its stake in Ambev S.A. ( NYSE:ABEV – Free Report ) by 26.
5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 947,932 shares of the company’s stock after purchasing an additional 198,462 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ambev were worth $1,943,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. IPG Investment Advisors LLC purchased a new stake in shares of Ambev in the fourth quarter worth $30,000. Radnor Capital Management LLC purchased a new stake in shares of Ambev during the 1st quarter valued at $25,000.
HighPoint Advisor Group LLC bought a new stake in shares of Ambev during the 4th quarter worth $31,000. Lake Street Advisors Group LLC purchased a new position in Ambev in the first quarter worth $28,000. Finally, Abacus Wealth Partners LLC bought a new position in Ambev in the first quarter valued at $38,000.
8.13% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Several analysts have issued reports on ABEV shares.
StockNews.com lowered shares of Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group lowered their price target on shares of Ambev from $3.
20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.75. Ambev Stock Up 1.
9 % Shares of ABEV stock opened at $2.38 on Wednesday. The company has a current ratio of 1.
11, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02.
The stock has a market cap of $37.42 billion, a P/E ratio of 12.50, a P/E/G ratio of 5.
27 and a beta of 1.05. Ambev S.
A. has a 12 month low of $2.01 and a 12 month high of $3.
00. The company has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $2.
29. Ambev ( NYSE:ABEV – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.
03 EPS for the quarter, meeting the consensus estimate of $0.03. Ambev had a net margin of 17.
93% and a return on equity of 16.94%. The firm had revenue of $3.
85 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the firm earned $0.
03 EPS. On average, research analysts expect that Ambev S.A.
will post 0.17 earnings per share for the current year. About Ambev ( Free Report ) 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. Further Reading Five stocks we like better than Ambev Best Stocks Under $10.00 Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? 3 Ways To Invest In Coffee, Other Than Drinking It Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What Are Dividend Contenders? Investing in Dividend Contenders Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.
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