Northern Cross LLC Has $50.79 Million Stake in Ambev S.A. (ABEV)

Northern Cross LLC decreased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,250,762 shares of the company’s stock after selling 180,387 shares during the quarter. Ambev comprises approximately 0.7% of Northern Cross LLC’s investment portfolio, making the stock its 12th biggest holding. Northern Cross LLC owned about 0.06% of Ambev worth $50,787,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ABEV. King Luther Capital Management Corp acquired a new stake in shares of Ambev during the 1st quarter worth approximately $121,000. Stephens Inc. AR acquired a new stake in shares of Ambev during the 2nd quarter worth approximately $132,000. Virtu Financial LLC grew its position in shares of Ambev by 38.5% during the 2nd quarter. Virtu Financial LLC now owns 28,800 shares of the company’s stock worth $158,000 after buying an additional 8,000 shares during the period. Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Ambev during the 2nd quarter worth approximately $162,000. Finally, Sit Investment Associates Inc. grew its position in shares of Ambev by 15.1% during the 2nd quarter. Sit Investment Associates Inc. now owns 30,725 shares of the company’s stock worth $169,000 after buying an additional 4,025 shares during the period. Institutional investors own 7.30% of the company’s stock.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Ambev from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Credit Suisse Group upgraded shares of Ambev from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 12th. BidaskClub cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, Barclays PLC reiterated a “hold” rating on shares of Ambev in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $6.37.

Ambev S.A. (NYSE ABEV) traded up 2.725% on Friday, reaching $6.975. 18,699,881 shares of the company traded hands. The stock has a market capitalization of $109.56 billion, a PE ratio of 29.184 and a beta of 0.66. The firm has a 50 day moving average of $6.57 and a 200-day moving average of $5.99. Ambev S.A. has a one year low of $4.70 and a one year high of $7.03.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.33 billion. Ambev had a net margin of 27.14% and a return on equity of 23.24%. On average, analysts anticipate that Ambev S.A. will post $0.23 EPS for the current year.

Ambev Company Profile

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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Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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