Loomis Sayles & Co. L P Reduces Holdings in Ambev S.A. (NYSE:ABEV)

Loomis Sayles & Co. L P cut its position in Ambev S.A. (NYSE:ABEV) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,331,822 shares of the company’s stock after selling 559,283 shares during the quarter. Loomis Sayles & Co. L P owned 0.12% of Ambev worth $44,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ABEV. SG Americas Securities LLC grew its stake in shares of Ambev by 12.5% during the first quarter. SG Americas Securities LLC now owns 46,857 shares of the company’s stock valued at $116,000 after acquiring an additional 5,217 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of Ambev during the first quarter worth approximately $274,000. Cetera Advisors LLC acquired a new stake in Ambev in the first quarter valued at $156,000. Transcend Capital Advisors LLC acquired a new stake in Ambev in the second quarter valued at $46,000. Finally, Moody National Bank Trust Division acquired a new position in Ambev during the 2nd quarter worth $62,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ABEV shares. StockNews.com began coverage on shares of Ambev in a research note on Friday, October 18th. They issued a “buy” rating on the stock. UBS Group cut their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2.70.

Ambev Price Performance

ABEV opened at $2.18 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $2.29 and its 200 day moving average price is $2.24. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 6.82 and a beta of 1.06.

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.