Seafarer Capital Partners LLC Acquires 1,770,000 Shares of Ambev S.A. (NYSE:ABEV)

Seafarer Capital Partners LLC increased its stake in Ambev S.A. (NYSE:ABEV) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,069,000 shares of the company’s stock after purchasing an additional 1,770,000 shares during the quarter. Ambev comprises about 21.0% of Seafarer Capital Partners LLC’s portfolio, making the stock its biggest holding. Seafarer Capital Partners LLC’s holdings in Ambev were worth $73,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Private Management Group Inc. purchased a new position in Ambev during the 2nd quarter worth approximately $19,149,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Ambev by 323.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock valued at $20,322,000 after buying an additional 7,570,842 shares during the period. Renaissance Technologies LLC increased its stake in shares of Ambev by 27.7% in the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after acquiring an additional 7,412,395 shares during the last quarter. Marshall Wace LLP boosted its position in Ambev by 324.8% during the second quarter. Marshall Wace LLP now owns 8,324,037 shares of the company’s stock valued at $17,064,000 after purchasing an additional 6,364,592 shares during the last quarter. Finally, Kiltearn Partners LLP grew its stake in Ambev by 43.3% in the second quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock valued at $29,881,000 after purchasing an additional 4,407,800 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Trading Down 2.7 %

NYSE:ABEV traded down $0.06 on Friday, hitting $2.17. 31,442,549 shares of the stock were exchanged, compared to its average volume of 18,080,930. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 6.88 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev S.A. has a 52 week low of $2.01 and a 52 week high of $3.00. The company’s 50-day moving average price is $2.32 and its 200 day moving average price is $2.25.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ABEV shares. UBS Group reduced their price target on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. StockNews.com started coverage on shares of Ambev in a research report on Friday, October 18th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Ambev has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Company Profile

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.