Sei Investments Co. boosted its position in shares of Ambev S.A. (NYSE:ABEV) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,966,753 shares of the company’s stock after purchasing an additional 192,179 shares during the period. Sei Investments Co.’s holdings in Ambev were worth $19,551,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Ambev by 17.3% in the second 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 raised its stake in shares of Ambev by 0.7% in the second 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. State Street Corp raised its stake in shares of Ambev by 2.9% in the second quarter. State Street Corp now owns 13,657,066 shares of the company’s stock worth $74,978,000 after acquiring an additional 385,863 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of Ambev by 65.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 5,555,409 shares of the company’s stock worth $30,499,000 after buying an additional 2,188,000 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Ambev by 1,915.2% during the second quarter. First Trust Advisors LP now owns 299,079 shares of the company’s stock worth $1,642,000 after buying an additional 284,238 shares during the last quarter. 7.28% 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 $0.06 during midday trading on Wednesday, reaching $6.06. 13,492,000 shares of the company were exchanged, compared to its average volume of 21,414,369. The firm has a market capitalization of $96,090.74, a PE ratio of 26.61 and a beta of 0.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.76 and a current ratio of 0.95. Ambev S.A. has a 52-week low of $4.70 and a 52-week high of $7.03.

A number of equities research analysts recently weighed in on ABEV shares. Zacks Investment Research downgraded shares of Ambev from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Credit Suisse Group raised shares of Ambev from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 12th. BidaskClub downgraded shares of Ambev from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 28th. Evercore ISI set a $9.00 price target on shares of Ambev and gave the stock a “buy” rating in a research note on Sunday, October 15th. Finally, TheStreet downgraded shares of Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.83.

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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