BlackRock Inc. raised its stake in Ambev SA (NYSE:ABEV) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,564,941 shares of the company’s stock after purchasing an additional 4,382,990 shares during the period. BlackRock Inc.’s holdings in Ambev were worth $242,670,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. St. James Investment Company LLC bought a new stake in shares of Ambev during the third quarter worth about $137,000. Regal Investment Advisors LLC boosted its holdings in Ambev by 102.5% during the third quarter. Regal Investment Advisors LLC now owns 26,774 shares of the company’s stock worth $176,000 after purchasing an additional 13,550 shares during the last quarter. Creative Planning boosted its holdings in Ambev by 125.7% during the fourth quarter. Creative Planning now owns 32,225 shares of the company’s stock worth $208,000 after purchasing an additional 17,948 shares during the last quarter. Advisor Partners LLC boosted its holdings in Ambev by 130.5% during the fourth quarter. Advisor Partners LLC now owns 36,271 shares of the company’s stock worth $249,000 after purchasing an additional 20,533 shares during the last quarter. Finally, Jarislowsky Fraser Ltd purchased a new position in Ambev during the third quarter worth about $302,000. 7.20% of the stock is owned by institutional investors.
Ambev SA (NYSE ABEV) opened at $7.28 on Wednesday. Ambev SA has a twelve month low of $5.30 and a twelve month high of $7.39. The firm has a market cap of $114,740.00, a PE ratio of 48.54 and a beta of 0.66. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 0.08.
Several research analysts recently weighed in on ABEV shares. Zacks Investment Research upgraded shares of Ambev from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. TheStreet upgraded shares of Ambev from a “c+” rating to a “b” rating in a report on Monday, March 5th. Finally, UBS Group upgraded shares of Ambev from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $7.83.
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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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