Sagil Capital LLP Decreases Stock Holdings in Ambev S.A. (NYSE:ABEV)

Sagil Capital LLP decreased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 39.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,583,847 shares of the company’s stock after selling 1,690,323 shares during the period. Ambev makes up about 3.9% of Sagil Capital LLP’s holdings, making the stock its 4th largest holding. Sagil Capital LLP’s holdings in Ambev were worth $6,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ABEV. HTLF Bank bought a new position in shares of Ambev in the third quarter worth approximately $26,000. Wealthstream Advisors Inc. bought a new position in Ambev in the third quarter valued at $29,000. Riversedge Advisors LLC purchased a new stake in Ambev during the third quarter valued at about $31,000. Foster Group Inc. bought a new stake in Ambev during the third quarter worth about $33,000. Finally, BSW Wealth Partners purchased a new position in shares of Ambev in the 3rd quarter worth about $33,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group dropped their target price on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com assumed coverage on shares of Ambev in a report on Friday, October 18th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Ambev has an average rating of “Moderate Buy” and a consensus target price of $2.70.

Ambev Trading Up 0.5 %

Ambev stock traded up $0.01 during trading hours on Monday, reaching $2.20. The stock had a trading volume of 671,338 shares, compared to its average volume of 18,883,006. The company has a fifty day simple moving average of $2.29 and a 200-day simple moving average of $2.24. Ambev S.A. has a 52 week low of $2.01 and a 52 week high of $3.00. The stock has a market cap of $34.66 billion, a PE ratio of 12.17, a PEG ratio of 6.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.