Ambev (NYSE:ABEV – Get Rating) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Other equities research analysts also recently issued reports about the stock. UBS Group upgraded shares of Ambev from a "sell" rating to a "buy" rating in a report on Thursday, January 12th. TheStreet upgraded shares of Ambev from a "c+" rating to a "b" rating in a report on Friday, December 9th.

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Ambev Trading Down 2.7 %

Ambev stock traded down $0.07 during trading on Friday, reaching $2.51. The company had a trading volume of 33,122,842 shares, compared to its average volume of 29,955,762. Ambev has a 12-month low of $2.42 and a 12-month high of $3.32. The stock's 50 day moving average price is $2.77 and its two-hundred day moving average price is $2.86. The firm has a market capitalization of $39.50 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.72 and a beta of 1.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 1.19.

Institutional Investors Weigh In On Ambev

Several institutional investors have recently bought and sold shares of ABEV. Goldman Sachs Group Inc. grew its stake in Ambev by 244.5% during the second quarter. Goldman Sachs Group Inc. now owns 43,146,270 shares of the company's stock worth $108,297,000 after buying an additional 30,623,051 shares during the period. National Bank of Canada FI lifted its position in shares of Ambev by 1,244.4% during the fourth quarter. National Bank of Canada FI now owns 29,983,149 shares of the company's stock worth $81,554,000 after purchasing an additional 27,753,000 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Ambev by 340.5% during the third quarter. Itau Unibanco Holding S.A. now owns 18,558,006 shares of the company's stock worth $52,519,000 after purchasing an additional 14,345,031 shares in the last quarter. FMR LLC lifted its position in shares of Ambev by 12.2% during the second quarter. FMR LLC now owns 126,786,814 shares of the company's stock worth $318,235,000 after purchasing an additional 13,771,594 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Ambev by 39.1% during the third quarter. BlackRock Inc. now owns 48,691,824 shares of the company's stock worth $137,798,000 after purchasing an additional 13,691,138 shares in the last quarter. 8.75% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Company Profile

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Ambev SA engages in the production, distribution, and sale of beverages. Its products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. It operates through the following geographical segments: Brazil, and Central America and The Caribbean (CAC), and Canada. The Brazil segment focuses on the beer sales division and the NAB sales division.

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