Teacher Retirement System of Texas acquired a new stake in shares of Ambev S.A. (NYSE:ABEV) during the third quarter, according to its most recent filing with the SEC. The fund acquired 136,089 shares of the company’s stock, valued at approximately $897,000.

Several other large investors also recently added to or reduced their stakes in ABEV. UBS Asset Management Americas Inc. purchased a new position in Ambev during the first quarter worth about $224,000. Aperio Group LLC grew its position in Ambev by 6.7% during the second quarter. Aperio Group LLC now owns 547,533 shares of the company’s stock worth $3,006,000 after buying an additional 34,503 shares in the last quarter. Sit Investment Associates Inc. grew its position in Ambev by 15.1% during the second quarter. Sit Investment Associates Inc. now owns 30,725 shares of the company’s stock worth $169,000 after buying an additional 4,025 shares in the last quarter. US Bancorp DE grew its position in Ambev by 2.4% during the second quarter. US Bancorp DE now owns 433,484 shares of the company’s stock worth $2,380,000 after buying an additional 10,165 shares in the last quarter. Finally, BB&T Corp grew its position in Ambev by 9.1% during the second quarter. BB&T Corp now owns 382,136 shares of the company’s stock worth $2,098,000 after buying an additional 31,782 shares in the last quarter. Institutional investors own 7.19% of the company’s stock.

Several equities analysts recently commented on ABEV shares. Barclays PLC restated a “hold” rating on shares of Ambev in a research report on Sunday, July 30th. Zacks Investment Research cut Ambev from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Credit Suisse Group upgraded Ambev from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 12th. BidaskClub cut Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 28th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $8.50 price objective (up from $7.00) on shares of Ambev in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Ambev has an average rating of “Hold” and an average price target of $7.83.

Ambev S.A. (ABEV) opened at $6.35 on Wednesday. The company has a market capitalization of $98,445.91, a PE ratio of 27.26 and a beta of 0.71. Ambev S.A. has a 12-month low of $4.70 and a 12-month high of $7.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.76.

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Ambev Profile

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.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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