Westwood Global Investments LLC Has $207.76 Million Stock Holdings in Ambev S.A. (NYSE:ABEV)

Westwood Global Investments LLC cut its stake in Ambev S.A. (NYSE:ABEV) by 0.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 101,346,110 shares of the company’s stock after selling 820,557 shares during the quarter. Ambev comprises 10.4% of Westwood Global Investments LLC’s holdings, making the stock its 6th largest holding. Westwood Global Investments LLC’s holdings in Ambev were worth $207,760,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ABEV. Perpetual Ltd lifted its stake in shares of Ambev by 10.1% in the 1st quarter. Perpetual Ltd now owns 65,003,922 shares of the company’s stock valued at $161,210,000 after purchasing an additional 5,943,974 shares during the period. Ruffer LLP lifted its position in Ambev by 12.4% during the fourth quarter. Ruffer LLP now owns 51,517,699 shares of the company’s stock valued at $144,494,000 after buying an additional 5,699,184 shares during the period. Seafarer Capital Partners LLC boosted its holdings in shares of Ambev by 12.3% during the 2nd quarter. Seafarer Capital Partners LLC now owns 28,299,000 shares of the company’s stock valued at $58,013,000 after buying an additional 3,100,000 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of Ambev by 29.4% in the 2nd quarter. Pzena Investment Management LLC now owns 18,385,312 shares of the company’s stock worth $37,690,000 after buying an additional 4,179,978 shares during the period. Finally, RWC Asset Management LLP grew its position in shares of Ambev by 0.4% in the 2nd quarter. RWC Asset Management LLP now owns 12,625,411 shares of the company’s stock worth $25,882,000 after buying an additional 52,546 shares during the period. 8.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ABEV shares. StockNews.com cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group dropped their price target on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Stock Performance

Shares of ABEV stock opened at $2.31 on Monday. The company has a market capitalization of $36.39 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 5.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.11. Ambev S.A. has a one year low of $2.01 and a one year high of $3.00. The company’s 50-day moving average is $2.23 and its 200 day moving average is $2.29.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Ambev had a net margin of 17.93% and a return on equity of 16.94%. During the same quarter in the prior year, the company posted $0.03 earnings per share. Sell-side analysts expect that Ambev S.A. will post 0.17 EPS for the current fiscal year.

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.