Dalton Investments LLC Has $1.23 Million Stock Holdings in AMBEV S A/S (NYSE:ABEV)

Dalton Investments LLC trimmed its position in shares of AMBEV S A/S (NYSE:ABEV) by 29.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 262,576 shares of the company’s stock after selling 111,700 shares during the quarter. AMBEV S A/S makes up 0.6% of Dalton Investments LLC’s holdings, making the stock its 27th biggest holding. Dalton Investments LLC’s holdings in AMBEV S A/S were worth $1,226,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of AMBEV S A/S by 43.6% during the first quarter. JPMorgan Chase & Co. now owns 107,693,141 shares of the company’s stock worth $463,081,000 after acquiring an additional 32,691,490 shares during the last quarter. AKO Capital LLP raised its position in shares of AMBEV S A/S by 57.3% during the first quarter. AKO Capital LLP now owns 26,478,623 shares of the company’s stock worth $113,858,000 after acquiring an additional 9,645,604 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of AMBEV S A/S by 43.8% during the second quarter. Renaissance Technologies LLC now owns 20,027,600 shares of the company’s stock worth $93,529,000 after acquiring an additional 6,099,200 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of AMBEV S A/S by 6.9% during the first quarter. Lazard Asset Management LLC now owns 83,310,791 shares of the company’s stock worth $358,235,000 after acquiring an additional 5,367,990 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of AMBEV S A/S during the first quarter worth about $19,612,000. 7.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on ABEV. Barclays downgraded AMBEV S A/S from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. ValuEngine downgraded AMBEV S A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. TheStreet downgraded AMBEV S A/S from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. upgraded AMBEV S A/S from an “underweight” rating to a “neutral” rating and set a $6.00 price objective for the company in a research report on Friday, July 26th. Finally, Itau BBA Securities downgraded AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. AMBEV S A/S has a consensus rating of “Hold” and a consensus target price of $5.00.

Shares of ABEV stock opened at $4.79 on Friday. The company has a market cap of $75.33 billion, a P/E ratio of 25.21, a PEG ratio of 4.12 and a beta of 0.73. The stock has a 50 day simple moving average of $4.81 and a two-hundred day simple moving average of $4.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 1.21. AMBEV S A/S has a fifty-two week low of $3.77 and a fifty-two week high of $5.45.

AMBEV S A/S (NYSE:ABEV) last issued its earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.18 billion. AMBEV S A/S had a return on equity of 19.48% and a net margin of 22.15%. On average, research analysts predict that AMBEV S A/S will post 0.2 earnings per share for the current year.

AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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