Foundation Resource Management Inc. Acquires New Shares in Ambev S.A. (NYSE:ABEV)

Foundation Resource Management Inc. acquired a new stake in shares of Ambev S.A. (NYSE:ABEVGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,570,605 shares of the company’s stock, valued at approximately $6,452,000. Ambev comprises about 1.2% of Foundation Resource Management Inc.’s holdings, making the stock its 28th largest holding.

Several other institutional investors also recently modified their holdings of ABEV. HighTower Advisors LLC boosted its position in shares of Ambev by 379.8% during the fourth quarter. HighTower Advisors LLC now owns 126,275 shares of the company’s stock valued at $355,000 after buying an additional 99,956 shares during the last quarter. Renaissance Technologies LLC bought a new position in Ambev in the fourth quarter valued at about $5,576,000. PEAK6 Investments LLC lifted its holdings in Ambev by 55.4% in the fourth quarter. PEAK6 Investments LLC now owns 272,866 shares of the company’s stock valued at $764,000 after acquiring an additional 97,230 shares during the period. Cibc World Markets Corp bought a new position in Ambev in the fourth quarter valued at about $417,000. Finally, Gotham Asset Management LLC bought a new position in Ambev in the fourth quarter valued at about $161,000. 8.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABEV. StockNews.com started coverage on Ambev in a report on Sunday, September 18th. They issued a “buy” rating on the stock. TheStreet downgraded Ambev from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. raised Ambev from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Ambev currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.50.

Ambev Price Performance

Shares of NYSE:ABEV traded down $0.10 during trading on Friday, hitting $2.89. 2,294,353 shares of the company’s stock were exchanged, compared to its average volume of 22,831,246. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 0.76. Ambev S.A. has a 52-week low of $2.42 and a 52-week high of $3.32. The business’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $2.84. The company has a market cap of $45.48 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.16 and a beta of 1.11.

Ambev (NYSE:ABEVGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.04 earnings per share (EPS) for the quarter. Ambev had a return on equity of 16.45% and a net margin of 17.61%. The firm had revenue of $3.67 billion during the quarter. As a group, equities analysts predict that Ambev S.A. will post 0.15 EPS for the current year.

Ambev Company Profile

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Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.

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Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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