Equities research analysts at StockNews.com initiated coverage on shares of Ambev (NYSE:ABEV - Get Free Report) in a report released on Thursday. The brokerage set a "buy" rating on the stock.
Ambev Price Performance
ABEV traded down $0.02 during trading on Thursday, hitting $1.83. The company's stock had a trading volume of 60,764,602 shares, compared to its average volume of 20,513,285. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 6.67 and a beta of 1.05. The business's fifty day simple moving average is $2.14 and its 200 day simple moving average is $2.21. Ambev has a twelve month low of $1.81 and a twelve month high of $2.82.
Institutional Trading of Ambev
Several large investors have recently made changes to their positions in ABEV. Massachusetts Financial Services Co. MA grew its holdings in shares of Ambev by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company's stock worth $104,688,000 after buying an additional 226,238 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ambev by 27.7% during the 2nd quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company's stock valued at $69,973,000 after acquiring an additional 7,412,395 shares in the last quarter. Seafarer Capital Partners LLC raised its holdings in Ambev by 6.3% in the 3rd quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company's stock valued at $73,368,000 after acquiring an additional 1,770,000 shares during the last quarter. Brandes Investment Partners LP lifted its stake in Ambev by 23.9% in the 2nd quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company's stock worth $32,024,000 after purchasing an additional 2,982,621 shares in the last quarter. Finally, Kiltearn Partners LLP boosted its holdings in shares of Ambev by 43.3% during the 2nd quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company's stock worth $29,881,000 after purchasing an additional 4,407,800 shares during the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.
About Ambev
(
Get 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.
See Also
Before you consider Ambev, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ambev wasn't on the list.
While Ambev currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
