Dynamic Capital Management Ltd Sells 21,352 Shares of AMBEV S A/S (NYSE:ABEV)

Dynamic Capital Management Ltd cut its stake in AMBEV S A/S (NYSE:ABEV) by 67.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,200 shares of the company’s stock after selling 21,352 shares during the quarter. Dynamic Capital Management Ltd’s holdings in AMBEV S A/S were worth $48,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of AMBEV S A/S during the second quarter valued at approximately $28,000. FTB Advisors Inc. raised its holdings in shares of AMBEV S A/S by 345.2% during the second quarter. FTB Advisors Inc. now owns 8,170 shares of the company’s stock valued at $37,000 after buying an additional 6,335 shares during the last quarter. Signaturefd LLC raised its holdings in shares of AMBEV S A/S by 75.5% during the second quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock valued at $43,000 after buying an additional 3,996 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of AMBEV S A/S during the second quarter valued at approximately $48,000. Finally, Boston Private Wealth LLC bought a new stake in shares of AMBEV S A/S during the second quarter valued at approximately $52,000. Institutional investors own 7.49% of the company’s stock.

NYSE ABEV traded down $0.02 on Friday, hitting $4.77. 231,423 shares of the stock were exchanged, compared to its average volume of 22,799,258. The company’s 50-day moving average price is $4.81 and its two-hundred day moving average price is $4.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.21 and a quick ratio of 0.93. AMBEV S A/S has a 52-week low of $3.77 and a 52-week high of $5.45. The company has a market capitalization of $75.33 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 4.12 and a beta of 0.73.

AMBEV S A/S (NYSE:ABEV) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. AMBEV S A/S had a net margin of 22.15% and a return on equity of 19.48%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Equities analysts predict that AMBEV S A/S will post 0.2 EPS for the current fiscal year.

ABEV has been the topic of a number of recent analyst reports. Bank of America raised AMBEV S A/S from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 21st. Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Barclays cut AMBEV S A/S from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. TheStreet cut AMBEV S A/S from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Finally, Itau BBA Securities lowered shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.00.

About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

Further Reading: What does an equal weight rating mean?

Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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