Seafarer Capital Partners LLC Raises Stock Position in Ambev S.A. (NYSE:ABEV)

Seafarer Capital Partners LLC boosted its position in Ambev S.A. (NYSE:ABEV) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,399,000 shares of the company’s stock after purchasing an additional 1,000,000 shares during the quarter. Ambev comprises 14.7% of Seafarer Capital Partners LLC’s holdings, making the stock its 3rd biggest position. Seafarer Capital Partners LLC’s holdings in Ambev were worth $54,317,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ABEV. CWM LLC raised its holdings in shares of Ambev by 57.6% in the 4th quarter. CWM LLC now owns 17,279 shares of the company’s stock worth $48,000 after purchasing an additional 6,314 shares in the last quarter. Signaturefd LLC lifted its stake in Ambev by 54.6% during the fourth quarter. Signaturefd LLC now owns 60,459 shares of the company’s stock valued at $169,000 after purchasing an additional 21,351 shares during the last quarter. HTLF Bank acquired a new stake in Ambev during the fourth quarter valued at approximately $40,000. Daiwa Securities Group Inc. lifted its stake in Ambev by 47.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 173,000 shares of the company’s stock valued at $484,000 after purchasing an additional 56,000 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in Ambev during the fourth quarter valued at approximately $34,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Stock Up 1.1 %

Ambev stock opened at $2.33 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.89. The firm has a market cap of $36.62 billion, a PE ratio of 12.92, a P/E/G ratio of 2.32 and a beta of 1.08. Ambev S.A. has a twelve month low of $2.23 and a twelve month high of $3.23. The firm’s 50 day moving average price is $2.46 and its two-hundred day moving average price is $2.62.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $4.04 billion during the quarter. Ambev had a net margin of 18.19% and a return on equity of 17.60%. On average, research analysts predict that Ambev S.A. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ABEV. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. StockNews.com initiated coverage on shares of Ambev in a report on Friday, January 26th. They set a “buy” rating on the stock. Finally, Barclays lowered shares of Ambev from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $3.50 to $3.00 in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Ambev Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.