Vanguard Personalized Indexing Management LLC Reduces Stake in Ambev S.A. (NYSE:ABEV)

Posted by on Jun 1st, 2023

Vanguard Personalized Indexing Management LLC trimmed its position in shares of Ambev S.A. (NYSE:ABEV – Get Rating) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,470 shares of the company’s stock after selling 7,934 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ambev were worth $205,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ABEV. First Eagle Investment Management LLC grew its stake in Ambev by 1.2% in the 4th quarter. First Eagle Investment Management LLC now owns 285,755,616 shares of the company’s stock valued at $777,255,000 after acquiring an additional 3,443,840 shares during the last quarter. BlackRock Inc. lifted its stake in Ambev by 39.1% in the 3rd quarter. BlackRock Inc. now owns 48,691,824 shares of the company’s stock valued at $137,798,000 after buying an additional 13,691,138 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Ambev by 244.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 43,146,270 shares of the company’s stock valued at $108,297,000 after buying an additional 30,623,051 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Ambev by 1,244.4% in the fourth quarter. National Bank of Canada FI now owns 29,983,149 shares of the company’s stock worth $81,554,000 after acquiring an additional 27,753,000 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Ambev by 32.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 24,570,641 shares of the company’s stock valued at $66,586,000 after acquiring an additional 6,012,635 shares during the last quarter. Institutional investors and hedge funds own 8.75% of the company’s stock.

Ambev Stock Down 0.9 %

ABEV opened at $2.81 on Thursday. Ambev S.A. has a 12 month low of $2.40 and a 12 month high of $3.24. The business has a 50-day moving average of $2.85 and a two-hundred day moving average of $2.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.63. The stock has a market capitalization of $44.18 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.50 and a beta of 1.06.

Ambev (NYSE:ABEV – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.81 billion. Ambev had a net margin of 18.00% and a return on equity of 17.44%. On average, research analysts expect that Ambev S.A. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ABEV. Sanford C. Bernstein assumed coverage on shares of Ambev in a report on Wednesday, May 24th. They issued an “outperform” rating and a $3.74 target price on the stock. StockNews.com lowered shares of Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 11th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $3.74.

Ambev Company Profile

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Ambev SA engages in the production, distribution, and sale of beverages. Its products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. It operates through the following geographical segments: Brazil, and Central America and The Caribbean (CAC), and Canada. The Brazil segment focuses on the beer sales division and the NAB sales division.

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Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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