BidaskClub lowered shares of Ambev S.A. (NYSE:ABEV) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Several other analysts have also recently weighed in on the company. Credit Suisse Group upgraded Ambev from a neutral rating to an outperform rating in a report on Tuesday, September 12th. Zacks Investment Research upgraded Ambev from a hold rating to a buy rating and set a $6.00 price target on the stock in a report on Monday, July 10th. Evercore ISI restated an outperform rating and set a $8.50 price target (up from $7.00) on shares of Ambev in a report on Friday, October 13th. Finally, Barclays PLC restated a hold rating on shares of Ambev in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $7.28.

Shares of Ambev (NYSE ABEV) traded down $0.12 during trading hours on Thursday, hitting $6.17. The stock had a trading volume of 43,746,524 shares, compared to its average volume of 21,066,334. The company has a market capitalization of $98.60 billion, a price-to-earnings ratio of 27.30 and a beta of 0.71. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.08.

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A number of hedge funds have recently made changes to their positions in the stock. Vontobel Asset Management Inc. boosted its holdings in Ambev by 4.6% in the second quarter. Vontobel Asset Management Inc. now owns 168,685,140 shares of the company’s stock valued at $942,525,000 after acquiring an additional 7,409,229 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Ambev by 17.3% in the second quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock valued at $472,786,000 after buying an additional 12,723,137 shares during the period. Vanguard Group Inc. lifted its stake in Ambev by 0.5% in the second quarter. Vanguard Group Inc. now owns 40,388,366 shares of the company’s stock valued at $221,732,000 after buying an additional 192,012 shares during the period. Artisan Partners Limited Partnership lifted its stake in Ambev by 275.2% in the second quarter. Artisan Partners Limited Partnership now owns 31,901,018 shares of the company’s stock valued at $175,137,000 after buying an additional 23,398,802 shares during the period. Finally, Mondrian Investment Partners LTD lifted its stake in Ambev by 9.8% in the second quarter. Mondrian Investment Partners LTD now owns 31,056,100 shares of the company’s stock valued at $170,498,000 after buying an additional 2,774,000 shares during the period. Institutional investors and hedge funds own 7.32% of the company’s stock.

About Ambev

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.

Analyst Recommendations for Ambev (NYSE:ABEV)

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