136,089 Shares in Ambev S.A. (ABEV) Purchased by Teacher Retirement System of Texas
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.
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.
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