Dalton Investments LLC decreased its position in shares of AMBEV S A/S (NYSE:ABEV) by 29.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,576 shares of the company’s stock after selling 111,700 shares during the period. AMBEV S A/S makes up 0.6% of Dalton Investments LLC’s holdings, making the stock its 27th biggest position. Dalton Investments LLC’s holdings in AMBEV S A/S were worth $1,226,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in AMBEV S A/S during the 2nd quarter worth $28,000. FTB Advisors Inc. increased its position in AMBEV S A/S by 345.2% during the 2nd quarter. FTB Advisors Inc. now owns 8,170 shares of the company’s stock worth $37,000 after buying an additional 6,335 shares during the period. Signaturefd LLC increased its position in AMBEV S A/S by 75.5% during the 2nd quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock worth $43,000 after buying an additional 3,996 shares during the period. Pacer Advisors Inc. bought a new position in AMBEV S A/S during the 2nd quarter worth $48,000. Finally, Boston Private Wealth LLC bought a new position in AMBEV S A/S during the 2nd quarter worth $52,000. Hedge funds and other institutional investors own 7.49% of the company’s stock.

Shares of NYSE ABEV opened at $4.79 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 1.21. AMBEV S A/S has a 52 week low of $3.77 and a 52 week high of $5.45. The stock has a market capitalization of $75.33 billion, a P/E ratio of 25.21, a PEG ratio of 4.12 and a beta of 0.73. The stock’s fifty day moving average is $4.81 and its 200 day moving average is $4.59.

AMBEV S A/S (NYSE:ABEV) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. AMBEV S A/S had a return on equity of 19.48% and a net margin of 22.15%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Equities research analysts forecast that AMBEV S A/S will post 0.2 earnings per share for the current year.

Several research analysts have weighed in on the company. TheStreet cut AMBEV S A/S from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Bank of America upgraded AMBEV S A/S from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 21st. Barclays cut AMBEV S A/S from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. Zacks Investment Research upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. upgraded AMBEV S A/S from an “underweight” rating to a “neutral” rating and set a $6.00 price target on the stock in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.00.

AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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