Ambev S.A. (NYSE:ABEV) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its holdings in shares of Ambev S.A. (NYSE:ABEV) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,331,822 shares of the company’s stock after selling 559,283 shares during the period. Loomis Sayles & Co. L P’s holdings in Ambev were worth $44,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ABEV. Fisher Asset Management LLC raised its stake in Ambev by 1.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,647,224 shares of the company’s stock valued at $13,779,000 after acquiring an additional 74,076 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Ambev by 22.5% during the third quarter. Daiwa Securities Group Inc. now owns 212,000 shares of the company’s stock valued at $517,000 after purchasing an additional 39,000 shares in the last quarter. Pitcairn Co. raised its stake in shares of Ambev by 80.1% during the third quarter. Pitcairn Co. now owns 177,773 shares of the company’s stock valued at $434,000 after purchasing an additional 79,038 shares in the last quarter. Cerity Partners LLC lifted its holdings in Ambev by 61.7% in the third quarter. Cerity Partners LLC now owns 202,835 shares of the company’s stock worth $495,000 after purchasing an additional 77,423 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Ambev by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock valued at $104,688,000 after buying an additional 226,238 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABEV has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com assumed coverage on Ambev in a report on Friday, October 18th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.70.

Ambev Stock Performance

Shares of ABEV opened at $2.18 on Tuesday. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $3.00. The stock has a market capitalization of $34.26 billion, a P/E ratio of 12.08, a P/E/G ratio of 6.82 and a beta of 1.06. The firm’s 50 day moving average is $2.29 and its 200-day moving average is $2.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Ambev 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.