First Trust Advisors LP Sells 75,619 Shares of AMBEV S A/S (ABEV)

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First Trust Advisors LP cut its position in shares of AMBEV S A/S (NYSE:ABEV) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,884 shares of the company’s stock after selling 75,619 shares during the quarter. First Trust Advisors LP’s holdings in AMBEV S A/S were worth $1,321,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Eagle Ridge Investment Management boosted its holdings in AMBEV S A/S by 5.3% during the fourth quarter. Eagle Ridge Investment Management now owns 508,789 shares of the company’s stock valued at $1,994,000 after purchasing an additional 25,728 shares in the last quarter. FDx Advisors Inc. boosted its holdings in AMBEV S A/S by 10.2% during the fourth quarter. FDx Advisors Inc. now owns 123,434 shares of the company’s stock valued at $484,000 after purchasing an additional 11,429 shares in the last quarter. Henry James International Management Inc. boosted its holdings in AMBEV S A/S by 540.4% during the fourth quarter. Henry James International Management Inc. now owns 154,045 shares of the company’s stock valued at $604,000 after purchasing an additional 129,989 shares in the last quarter. Westpac Banking Corp acquired a new stake in AMBEV S A/S during the fourth quarter valued at approximately $3,487,000. Finally, Comerica Bank boosted its holdings in AMBEV S A/S by 0.9% during the fourth quarter. Comerica Bank now owns 1,537,416 shares of the company’s stock valued at $7,303,000 after purchasing an additional 13,757 shares in the last quarter. 7.00% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ABEV opened at $4.28 on Friday. AMBEV S A/S has a 1 year low of $3.77 and a 1 year high of $7.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 0.80. The company has a market capitalization of $67.28 billion, a PE ratio of 20.38, a PEG ratio of 2.82 and a beta of 0.66.

A number of equities research analysts have weighed in on the company. Itau BBA Securities downgraded AMBEV S A/S from a “market perform” rating to an “underperform” rating in a report on Thursday, February 28th. Santander downgraded AMBEV S A/S from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Zacks Investment Research downgraded AMBEV S A/S from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, TheStreet raised AMBEV S A/S from a “c” rating to a “b-” rating in a report on Friday, February 1st. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.63.

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About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, 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.

Further Reading: Discount Rate

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

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