Raymond James & Associates Has $2.14 Million Holdings in AMBEV S A/S (ABEV)

Raymond James & Associates trimmed its stake in shares of AMBEV S A/S (NYSE:ABEV) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 546,775 shares of the company’s stock after selling 76,800 shares during the quarter. Raymond James & Associates’ holdings in AMBEV S A/S were worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of AMBEV S A/S by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,695,118 shares of the company’s stock valued at $17,109,000 after acquiring an additional 140,539 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of AMBEV S A/S by 184.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 34,750 shares of the company’s stock valued at $159,000 after acquiring an additional 22,530 shares during the last quarter. Keybank National Association OH bought a new position in shares of AMBEV S A/S during the 3rd quarter valued at approximately $936,000. Crossmark Global Holdings Inc. boosted its position in shares of AMBEV S A/S by 27.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 244,844 shares of the company’s stock valued at $1,119,000 after acquiring an additional 52,399 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of AMBEV S A/S by 50.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 101,070 shares of the company’s stock valued at $461,000 after acquiring an additional 33,764 shares during the last quarter. 7.01% of the stock is owned by institutional investors.

A number of research firms have recently commented on ABEV. TheStreet upgraded AMBEV S A/S from a “c” rating to a “b-” rating in a research report on Friday, February 1st. Santander downgraded AMBEV S A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded AMBEV S A/S from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Itau BBA Securities downgraded AMBEV S A/S from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.63.

ABEV traded up $0.07 during trading on Monday, reaching $4.48. The company had a trading volume of 24,387,479 shares, compared to its average volume of 31,242,480. The company has a market cap of $69.33 billion, a PE ratio of 23.58, a P/E/G ratio of 2.87 and a beta of 0.65. AMBEV S A/S has a 52 week low of $3.77 and a 52 week high of $6.93. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 0.05.

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AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, 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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