Ambev S.A. (NYSE:ABEV) Position Lifted by Seafarer Capital Partners LLC

Seafarer Capital Partners LLC raised its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,069,000 shares of the company's stock after acquiring an additional 1,770,000 shares during the period. Ambev makes up 21.0% of Seafarer Capital Partners LLC's investment portfolio, making the stock its biggest holding. Seafarer Capital Partners LLC owned 0.19% of Ambev worth $73,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its position in Ambev by 8.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 70,787 shares of the company's stock worth $176,000 after purchasing an additional 5,767 shares during the period. SG Americas Securities LLC increased its position in Ambev by 12.5% during the 1st quarter. SG Americas Securities LLC now owns 46,857 shares of the company's stock worth $116,000 after purchasing an additional 5,217 shares during the period. Oppenheimer & Co. Inc. increased its position in Ambev by 0.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 1,328,697 shares of the company's stock worth $3,295,000 after purchasing an additional 10,948 shares during the period. Sei Investments Co. increased its position in Ambev by 14.0% during the 1st quarter. Sei Investments Co. now owns 9,093,184 shares of the company's stock worth $22,551,000 after purchasing an additional 1,114,392 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Ambev during the 1st quarter worth approximately $216,000. 8.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ABEV has been the topic of several recent analyst reports. StockNews.com started coverage on Ambev in a research report on Friday, October 18th. They set a "buy" rating on the stock. UBS Group lowered their price target on Ambev from $3.20 to $2.90 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $2.75.

Ambev Price Performance

NYSE:ABEV traded down $0.06 during trading hours on Friday, reaching $2.17. 31,442,549 shares of the company traded hands, compared to its average volume of 18,080,930. Ambev S.A. has a 1-year low of $2.01 and a 1-year high of $3.00. The stock has a market cap of $34.19 billion, a P/E ratio of 12.06, a P/E/G ratio of 6.88 and a beta of 1.06. The firm's 50-day moving average is $2.32 and its 200-day moving average is $2.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Ambev 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.