Lenox Wealth Management Inc. bought a new position in shares of Ambev S.A. (NYSE:ABEV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 71,535 shares of the company’s stock, valued at approximately $396,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Ambev by 17.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock worth $472,786,000 after acquiring an additional 12,723,137 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Ambev by 0.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,838,533 shares of the company’s stock worth $32,054,000 after acquiring an additional 39,385 shares during the last quarter. UBS Group AG lifted its position in Ambev by 34.3% during the 1st quarter. UBS Group AG now owns 3,099,407 shares of the company’s stock worth $17,852,000 after acquiring an additional 791,973 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Ambev by 17.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,755,384 shares of the company’s stock worth $21,632,000 after acquiring an additional 548,774 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its position in Ambev by 65.0% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 5,555,409 shares of the company’s stock worth $30,499,000 after acquiring an additional 2,188,000 shares during the last quarter. 7.30% of the stock is owned by hedge funds and other institutional investors.

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Shares of Ambev S.A. (NYSE ABEV) traded down 1.35% on Friday, hitting $6.59. 2,451,801 shares of the stock were exchanged. Ambev S.A. has a one year low of $4.70 and a one year high of $6.86. The firm has a market capitalization of $103.51 billion, a PE ratio of 27.57 and a beta of 0.66. The company has a 50-day moving average price of $6.50 and a 200-day moving average price of $5.95.

Ambev (NYSE:ABEV) last announced its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.33 billion. Ambev had a net margin of 27.14% and a return on equity of 23.24%. Equities research analysts expect that Ambev S.A. will post $0.23 earnings per share for the current year.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ambev from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub lowered shares of Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 28th. Credit Suisse Group AG raised shares of Ambev from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 12th. Finally, Barclays PLC reaffirmed a “hold” rating on shares of Ambev in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $6.48.

About Ambev

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.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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