Bessemer Group Inc. raised its holdings in shares of AMBEV S A/S (NYSE:ABEV) by 15.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,651,430 shares of the company’s stock after acquiring an additional 351,897 shares during the period. Bessemer Group Inc.’s holdings in AMBEV S A/S were worth $12,382,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ABEV. Comerica Securities Inc. grew its holdings in AMBEV S A/S by 12.8% during the 4th quarter. Comerica Securities Inc. now owns 22,631 shares of the company’s stock worth $90,000 after acquiring an additional 2,575 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AMBEV S A/S by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,236,936 shares of the company’s stock worth $16,609,000 after acquiring an additional 145,164 shares in the last quarter. Advisor Group Inc. grew its holdings in AMBEV S A/S by 4.9% during the 4th quarter. Advisor Group Inc. now owns 80,670 shares of the company’s stock worth $316,000 after acquiring an additional 3,804 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in AMBEV S A/S by 27.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 512,482 shares of the company’s stock worth $1,933,000 after acquiring an additional 111,371 shares in the last quarter. Finally, Barclays PLC grew its holdings in AMBEV S A/S by 249.9% during the 4th quarter. Barclays PLC now owns 260,040 shares of the company’s stock worth $1,020,000 after acquiring an additional 185,718 shares in the last quarter. 7.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on ABEV shares. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, June 4th. ValuEngine upgraded shares of Vale from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Bank of America restated an “underperform” rating and issued a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a report on Tuesday, May 21st. Finally, TheStreet cut shares of Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. AMBEV S A/S currently has an average rating of “Hold” and an average target price of $5.33.
AMBEV S A/S (NYSE:ABEV) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). AMBEV S A/S had a net margin of 21.99% and a return on equity of 19.60%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.37 billion. As a group, analysts forecast that AMBEV S A/S will post 0.2 earnings per share for the current year.
About AMBEV S A/S
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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