Ambev (NYSE:ABEV) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Ambev (NYSE:ABEVGet Free Report) in a research note issued to investors on Saturday. The brokerage set a “buy” rating on the stock.

Ambev Trading Down 3.0 %

NYSE:ABEV opened at $1.79 on Friday. The stock has a market cap of $28.12 billion, a P/E ratio of 9.92, a P/E/G ratio of 6.67 and a beta of 1.05. 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 has a 1 year low of $1.76 and a 1 year high of $2.82. The stock has a 50-day simple moving average of $2.09 and a 200-day simple moving average of $2.20.

Hedge Funds Weigh In On Ambev

Large investors have recently modified their holdings of the business. State Street Corp raised its stake in shares of Ambev by 9.2% during the 3rd quarter. State Street Corp now owns 10,425,374 shares of the company’s stock worth $25,438,000 after buying an additional 878,900 shares in the last quarter. Jane Street Group LLC increased its stake in Ambev by 132.9% in the 3rd quarter. Jane Street Group LLC now owns 1,976,147 shares of the company’s stock valued at $4,822,000 after purchasing an additional 1,127,719 shares in the last quarter. HighTower Advisors LLC increased its stake in Ambev by 18.3% in the 3rd quarter. HighTower Advisors LLC now owns 54,013 shares of the company’s stock valued at $129,000 after purchasing an additional 8,350 shares in the last quarter. Stifel Financial Corp increased its stake in Ambev by 298.1% in the 3rd quarter. Stifel Financial Corp now owns 802,016 shares of the company’s stock valued at $1,957,000 after purchasing an additional 600,545 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Ambev by 32.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,067,893 shares of the company’s stock valued at $2,606,000 after purchasing an additional 258,875 shares in the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

About Ambev

(Get Free Report)

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.

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