Bluestein R H & Co. Buys 25,000 Shares of Ambev S.A. (ABEV)

Bluestein R H & Co. lifted its stake in Ambev S.A. (NYSE:ABEV) by 25.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Bluestein R H & Co.’s holdings in Ambev were worth $824,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ABEV. JPMorgan Chase & Co. raised its stake in Ambev by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 90,277,034 shares of the company’s stock valued at $592,218,000 after buying an additional 4,159,543 shares in the last quarter. Vanguard Group Inc. raised its stake in Ambev by 0.5% in the second quarter. Vanguard Group Inc. now owns 40,388,366 shares of the company’s stock valued at $221,732,000 after buying an additional 192,012 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Ambev by 275.2% in the second quarter. Artisan Partners Limited Partnership now owns 31,901,018 shares of the company’s stock valued at $175,137,000 after buying an additional 23,398,802 shares in the last quarter. Mondrian Investment Partners LTD raised its stake in Ambev by 9.8% in the second quarter. Mondrian Investment Partners LTD now owns 31,056,100 shares of the company’s stock valued at $170,498,000 after buying an additional 2,774,000 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Ambev by 9.3% in the third quarter. Fisher Asset Management LLC now owns 25,636,847 shares of the company’s stock valued at $168,947,000 after buying an additional 2,174,227 shares in the last quarter. Hedge funds and other institutional investors own 7.44% of the company’s stock.

Shares of Ambev S.A. (NYSE:ABEV) opened at $6.28 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.08. Ambev S.A. has a 52-week low of $4.73 and a 52-week high of $7.03. The company has a market capitalization of $97,660.85, a PE ratio of 27.04 and a beta of 0.70.

A number of research firms have weighed in on ABEV. Evercore ISI set a $9.00 price target on Ambev and gave the company a “buy” rating in a research note on Sunday, October 15th. Zacks Investment Research cut Ambev from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. BidaskClub cut Ambev from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 28th. Credit Suisse Group upgraded Ambev from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 12th. Finally, Barclays restated an “equal weight” rating on shares of Ambev in a research note on Saturday, October 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.83.

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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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