Ambev (NYSE:ABEV – Get Rating) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
A number of other analysts have also issued reports on the stock. TheStreet raised shares of Ambev from a "c+" rating to a "b" rating in a research note on Friday, December 9th. UBS Group upgraded shares of Ambev from a "sell" rating to a "buy" rating in a report on Thursday, January 12th.
Get Ambev alerts:Ambev Trading Down 2.7 %
Shares of Ambev stock opened at $2.51 on Friday. The company has a market capitalization of $39.50 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.71 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. Ambev has a fifty-two week low of $2.42 and a fifty-two week high of $3.32. The company has a fifty day moving average of $2.76 and a 200 day moving average of $2.86.
Hedge Funds Weigh In On Ambev
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in Ambev by 244.5% in the second quarter. Goldman Sachs Group Inc. now owns 43,146,270 shares of the company's stock valued at $108,297,000 after acquiring an additional 30,623,051 shares in the last quarter. National Bank of Canada FI increased its holdings in Ambev by 1,244.4% during the 4th quarter. National Bank of Canada FI now owns 29,983,149 shares of the company's stock valued at $81,554,000 after acquiring 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% in the third quarter. Itau Unibanco Holding S.A. now owns 18,558,006 shares of the company's stock valued at $52,519,000 after acquiring an additional 14,345,031 shares in the last quarter. FMR LLC grew its stake in Ambev by 12.2% in the 2nd quarter. FMR LLC now owns 126,786,814 shares of the company's stock worth $318,235,000 after acquiring an additional 13,771,594 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Ambev by 39.1% in the third quarter. BlackRock Inc. now owns 48,691,824 shares of the company's stock worth $137,798,000 after acquiring an additional 13,691,138 shares during the last quarter. Hedge funds and other institutional investors own 8.75% of the company's stock.About Ambev
(Get Rating)
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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