First Trust Advisors LP raised its stake in shares of Ambev S.A. (NYSE:ABEV) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 333,394 shares of the company’s stock after acquiring an additional 34,315 shares during the quarter. First Trust Advisors LP’s holdings in Ambev were worth $2,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its position in shares of Ambev by 275.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 31,901,018 shares of the company’s stock worth $175,137,000 after buying an additional 23,398,802 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Ambev by 2,289.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,749,400 shares of the company’s stock worth $97,444,000 after buying an additional 17,006,598 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ambev by 17.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock worth $472,786,000 after buying an additional 12,723,137 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Ambev by 31.4% in the 2nd quarter. William Blair Investment Management LLC now owns 22,256,839 shares of the company’s stock worth $122,190,000 after buying an additional 5,315,282 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Ambev by 398.8% in the 2nd quarter. Renaissance Technologies LLC now owns 5,532,700 shares of the company’s stock worth $30,375,000 after buying an additional 4,423,500 shares during the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

Ambev S.A. (ABEV) opened at $6.38 on Friday. 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 S.A. has a 52-week low of $4.70 and a 52-week high of $7.03. The stock has a market cap of $100,173.03, a PE ratio of 27.74 and a beta of 0.71.

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

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Ambev Company 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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