Daiwa Securities Group Inc. Has $1.99 Million Stake in AMBEV S A/S (ABEV)

Daiwa Securities Group Inc. lifted its position in AMBEV S A/S (NYSE:ABEV) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,300 shares of the company’s stock after acquiring an additional 21,400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in AMBEV S A/S were worth $1,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of AMBEV S A/S by 1,785.4% in the 2nd quarter. Renaissance Technologies LLC now owns 38,834,997 shares of the company’s stock worth $179,806,000 after purchasing an additional 36,775,197 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in AMBEV S A/S by 17.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 69,120,615 shares of the company’s stock valued at $315,881,000 after acquiring an additional 10,460,543 shares in the last quarter. Vontobel Asset Management Inc. raised its stake in AMBEV S A/S by 5.3% during the 2nd quarter. Vontobel Asset Management Inc. now owns 173,943,259 shares of the company’s stock valued at $819,935,000 after acquiring an additional 8,727,647 shares in the last quarter. Millennium Management LLC raised its stake in AMBEV S A/S by 19,565.5% during the 2nd quarter. Millennium Management LLC now owns 6,800,513 shares of the company’s stock valued at $31,486,000 after acquiring an additional 6,765,932 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in AMBEV S A/S during the 2nd quarter valued at $24,542,000. Institutional investors own 7.05% of the company’s stock.

ABEV has been the topic of several recent analyst reports. ValuEngine raised AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. UBS Group downgraded AMBEV S A/S from a “buy” rating to a “sell” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. downgraded AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. Bank of America downgraded AMBEV S A/S from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $5.40 to $4.00 in a research note on Thursday, October 25th. Finally, Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.13.

Shares of ABEV stock traded up $0.05 on Monday, reaching $4.32. 22,078,514 shares of the company’s stock traded hands, compared to its average volume of 26,827,336. The company has a market capitalization of $67.04 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 2.08 and a beta of 0.54. AMBEV S A/S has a 12-month low of $3.86 and a 12-month high of $7.43. The company has a current ratio of 1.02, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06.

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AMBEV S A/S Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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