Ambev S.A. (NYSE:ABEV) Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP cut its position in shares of Ambev S.A. (NYSE:ABEV) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,339,258 shares of the company’s stock after selling 599,899 shares during the quarter. Ambev accounts for 1.8% of RWC Asset Management LLP’s investment portfolio, making the stock its 19th biggest holding. RWC Asset Management LLP’s holdings in Ambev were worth $28,950,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. purchased a new position in Ambev during the third quarter worth $26,000. Ieq Capital LLC purchased a new position in Ambev during the third quarter worth $27,000. West Family Investments Inc. purchased a new position in Ambev during the third quarter worth $32,000. SVB Wealth LLC purchased a new position in Ambev during the fourth quarter worth $34,000. Finally, Hartford Financial Management Inc. grew its position in shares of Ambev by 49.9% in the fourth quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock valued at $36,000 after purchasing an additional 4,238 shares during the period. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Trading Up 1.3 %

ABEV stock traded up $0.03 during trading on Friday, reaching $2.33. 5,890,772 shares of the stock traded hands, compared to its average volume of 13,396,590. The business’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.62. Ambev S.A. has a 52-week low of $2.23 and a 52-week high of $3.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66. The firm has a market capitalization of $36.70 billion, a PE ratio of 12.92, a P/E/G ratio of 2.32 and a beta of 1.08.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Ambev had a return on equity of 17.60% and a net margin of 18.19%. The firm had revenue of $4.04 billion during the quarter. As a group, sell-side analysts forecast that Ambev S.A. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ABEV. StockNews.com began coverage on Ambev in a research report on Friday, January 26th. They issued a “buy” rating for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Finally, Barclays downgraded Ambev from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $3.50 to $3.00 in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.20.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.