Loomis Sayles & Co. L P Has $44.73 Million Stock Holdings in Ambev S.A. (NYSE:ABEV)

Loomis Sayles & Co. L P lowered its holdings in Ambev S.A. (NYSE:ABEV - Free Report) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,331,822 shares of the company's stock after selling 559,283 shares during the period. Loomis Sayles & Co. L P owned about 0.12% of Ambev worth $44,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ABEV. HTLF Bank acquired a new stake in Ambev in the third quarter worth about $26,000. Wealthstream Advisors Inc. purchased a new position in shares of Ambev during the third quarter valued at $29,000. Riversedge Advisors LLC acquired a new position in Ambev during the third quarter valued at $31,000. Foster Group Inc. purchased a new stake in Ambev in the 3rd quarter worth about $33,000. Finally, BSW Wealth Partners purchased a new stake in shares of Ambev in the third quarter worth approximately $33,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ABEV shares. UBS Group reduced their price objective on shares of Ambev from $3.20 to $2.90 and set a "buy" rating for the company in a research note on Wednesday, July 31st. StockNews.com started coverage on Ambev in a research note on Friday, October 18th. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Ambev currently has an average rating of "Moderate Buy" and a consensus price target of $2.70.

Ambev Stock Up 0.9 %

Shares of NYSE ABEV traded up $0.02 during mid-day trading on Tuesday, reaching $2.19. 13,542,225 shares of the company's stock were exchanged, compared to its average volume of 18,921,547. 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 $34.50 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 6.82 and a beta of 1.06. The business has a fifty day simple moving average of $2.29 and a 200 day simple moving average of $2.24. Ambev S.A. has a twelve month low of $2.01 and a twelve month high of $3.00.

Ambev Company Profile

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.