Mitsubishi UFJ Trust & Banking Corp increased its position in Ambev S.A. (NYSE:ABEV) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,400 shares of the company’s stock after buying an additional 3,100 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ambev were worth $337,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ABEV. Wedbush Securities Inc. grew its holdings in Ambev by 2.2% in the first quarter. Wedbush Securities Inc. now owns 17,365 shares of the company’s stock valued at $100,000 after purchasing an additional 369 shares during the period. Earnest Partners LLC grew its holdings in Ambev by 2.1% in the first quarter. Earnest Partners LLC now owns 45,846 shares of the company’s stock valued at $264,000 after purchasing an additional 930 shares during the period. Telemus Capital LLC grew its holdings in Ambev by 2.6% in the second quarter. Telemus Capital LLC now owns 69,234 shares of the company’s stock valued at $380,000 after purchasing an additional 1,729 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Ambev by 1.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 228,563 shares of the company’s stock valued at $1,316,000 after purchasing an additional 2,230 shares during the period. Finally, Aureus Asset Management LLC grew its holdings in Ambev by 21.8% in the first quarter. Aureus Asset Management LLC now owns 22,470 shares of the company’s stock valued at $138,000 after purchasing an additional 4,015 shares during the period. 7.29% of the stock is owned by institutional investors and hedge funds.
Shares of Ambev S.A. (ABEV) opened at 6.43 on Monday. Ambev S.A. has a 1-year low of $4.70 and a 1-year high of $6.48. The stock has a market capitalization of $101.00 billion, a P/E ratio of 26.90 and a beta of 0.66. The firm’s 50-day moving average is $6.17 and its 200 day moving average is $5.80.
Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev had a net margin of 27.14% and a return on equity of 23.24%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.33 billion. On average, analysts expect that Ambev S.A. will post $0.23 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Barclays PLC restated a “hold” rating on shares of Ambev in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Ambev from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $6.10.
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Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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