USS Investment Management Ltd Maintains Position in Ambev S.A. (ABEV)
USS Investment Management Ltd maintained its stake in shares of Ambev S.A. (NYSE:ABEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,386,000 shares of the company’s stock at the end of the second quarter. USS Investment Management Ltd’s holdings in Ambev were worth $24,079,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vontobel Asset Management Inc. boosted its stake in shares of Ambev by 4.6% in the second quarter. Vontobel Asset Management Inc. now owns 168,685,140 shares of the company’s stock worth $942,525,000 after buying an additional 7,409,229 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Ambev by 5.1% in the first quarter. Lazard Asset Management LLC now owns 92,524,491 shares of the company’s stock worth $532,940,000 after buying an additional 4,527,340 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ambev by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 73,394,354 shares of the company’s stock worth $422,752,000 after buying an additional 300,211 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Ambev by 1.8% in the first quarter. OppenheimerFunds Inc. now owns 63,866,440 shares of the company’s stock worth $367,871,000 after buying an additional 1,148,134 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Ambev by 1.5% in the first quarter. Vanguard Group Inc. now owns 40,196,354 shares of the company’s stock worth $231,531,000 after buying an additional 607,365 shares during the last quarter. Institutional investors own 7.50% of the company’s stock.
Ambev S.A. (NYSE ABEV) traded up 0.16% during mid-day trading on Friday, reaching $6.25. 9,814,127 shares of the company’s stock traded hands. Ambev S.A. has a 12-month low of $4.70 and a 12-month high of $6.39. The company has a market cap of $98.17 billion, a P/E ratio of 25.93 and a beta of 0.66. The stock has a 50 day moving average of $6.02 and a 200 day moving average of $5.75.
Ambev (NYSE:ABEV) last announced its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Ambev had a net margin of 27.14% and a return on equity of 23.24%. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.33 billion. On average, equities research analysts predict that Ambev S.A. will post $0.23 earnings per share for the current fiscal year.
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ABEV has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Barclays PLC reiterated a “hold” rating on shares of Ambev in a research note on Sunday, July 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $6.10.
Ambev Company Profile
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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