Goldman Sachs Group Inc. Has $272.97 Million Position in Ambev SA (ABEV)
Goldman Sachs Group Inc. increased its holdings in Ambev SA (NYSE:ABEV) by 136.3% during the fourth quarter, Holdings Channel reports. The fund owned 42,255,699 shares of the company’s stock after acquiring an additional 24,374,675 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Ambev were worth $272,973,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC acquired a new stake in shares of Ambev in the 4th quarter worth about $105,000. St. James Investment Company LLC acquired a new stake in shares of Ambev in the 3rd quarter worth about $137,000. Brown Advisory Inc. raised its holdings in shares of Ambev by 82.2% in the 4th quarter. Brown Advisory Inc. now owns 22,136 shares of the company’s stock worth $144,000 after acquiring an additional 9,989 shares during the last quarter. Regal Investment Advisors LLC raised its holdings in shares of Ambev by 102.5% in the 3rd quarter. Regal Investment Advisors LLC now owns 26,774 shares of the company’s stock worth $176,000 after acquiring an additional 13,550 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Ambev by 125.7% in the 4th quarter. Creative Planning now owns 32,225 shares of the company’s stock worth $208,000 after acquiring an additional 17,948 shares during the last quarter. Institutional investors own 7.20% of the company’s stock.
Shares of Ambev SA (NYSE ABEV) opened at $7.14 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.86 and a quick ratio of 0.71. The company has a market cap of $112,105.86, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.25 and a beta of 0.64. Ambev SA has a one year low of $5.30 and a one year high of $7.22.
ABEV has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Ambev from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. UBS Group upgraded shares of Ambev from a “market perform” rating to an “outperform” rating in a research note on Friday, February 9th. Finally, TheStreet upgraded shares of Ambev from a “c+” rating to a “b” rating in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.83.
WARNING: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2018/03/11/goldman-sachs-group-inc-has-272-97-million-position-in-ambev-sa-abev.html.
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.
Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambev SA (NYSE:ABEV).
Receive News & Ratings for Ambev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambev and related companies with MarketBeat.com's FREE daily email newsletter.