Ambev S.A. $ABEV Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC trimmed its holdings in shares of Ambev S.A. (NYSE:ABEV) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 336,057,984 shares of the company’s stock after selling 2,540,740 shares during the quarter. First Eagle Investment Management LLC’s holdings in Ambev were worth $830,063,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of ABEV. Integrated Wealth Concepts LLC bought a new position in Ambev during the first quarter valued at about $26,000. Millennium Management LLC boosted its stake in Ambev by 62.5% during the first quarter. Millennium Management LLC now owns 2,399,472 shares of the company’s stock valued at $5,591,000 after buying an additional 922,566 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Ambev by 13.2% during the first quarter. Goldman Sachs Group Inc. now owns 5,000,107 shares of the company’s stock valued at $11,650,000 after buying an additional 582,153 shares in the last quarter. Focus Partners Wealth bought a new position in Ambev during the first quarter valued at about $33,000. Finally, Acadian Asset Management LLC bought a new position in Ambev during the first quarter valued at about $264,000. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Down 0.2%

ABEV opened at $3.29 on Tuesday. Ambev S.A. has a fifty-two week low of $2.10 and a fifty-two week high of $3.45. The business has a 50-day moving average of $3.00 and a 200-day moving average of $2.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The company has a market capitalization of $51.78 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a return on equity of 16.63% and a net margin of 17.69%.The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.38 billion. Equities research analysts forecast that Ambev S.A. will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ABEV. Barclays increased their price target on Ambev from $3.00 to $3.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. UBS Group set a $2.65 price target on Ambev and gave the company a “sell” rating in a research report on Thursday, April 16th. Wall Street Zen upgraded Ambev from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings lowered Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $3.01.

Insiders Place Their Bets

In related news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $2.85, for a total value of $434,300.10. Following the completion of the sale, the insider directly owned 223,340 shares in the company, valued at approximately $636,519. The trade was a 40.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ambev Company Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.