Ambev S.A. $ABEV Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services trimmed its Ambev stake by 3.3% in Q4, selling 1,178,427 shares and now holds 34,879,949 shares (about 0.22%) valued at roughly $86.15 million.
• Analysts have a consensus rating of Hold with an average price target of $2.69; Barclays raised its target to $3.00 and Weiss Ratings upgraded to Buy while Wall Street Zen moved to Hold.
• Ambev reported Q4 EPS of $0.05 (in line) and revenue of $4.50 billion (beat), has a market cap near $49.9 billion, and a 12‑month trading range of $2.10–$3.24.

Massachusetts Financial Services Co. MA lowered its holdings in Ambev S.A. (NYSE:ABEV - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,879,949 shares of the company's stock after selling 1,178,427 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.22% of Ambev worth $86,153,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oxbow Advisors LLC acquired a new stake in shares of Ambev in the third quarter worth $2,805,000. Ashton Thomas Private Wealth LLC increased its position in shares of Ambev by 118.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 2,659,347 shares of the company's stock worth $5,986,000 after acquiring an additional 1,443,232 shares in the last quarter. Kapitalo Investimentos Ltda increased its position in shares of Ambev by 216.3% in the third quarter. Kapitalo Investimentos Ltda now owns 1,784,142 shares of the company's stock worth $3,979,000 after acquiring an additional 1,220,006 shares in the last quarter. Eldred Rock Partners LLC increased its position in shares of Ambev by 11.6% in the third quarter. Eldred Rock Partners LLC now owns 3,962,046 shares of the company's stock worth $8,926,000 after acquiring an additional 412,189 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Ambev in the third quarter worth $1,196,000. Institutional investors and hedge funds own 8.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ABEV shares. Weiss Ratings raised shares of Ambev from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, March 5th. Wall Street Zen downgraded shares of Ambev from a "buy" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Barclays upped their target price on shares of Ambev from $2.50 to $3.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $2.69.

Ambev Price Performance

Shares of ABEV stock opened at $3.17 on Tuesday. The company has a market capitalization of $49.87 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The firm has a fifty day simple moving average of $2.99 and a 200-day simple moving average of $2.64. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.03. Ambev S.A. has a twelve month low of $2.10 and a twelve month high of $3.24.

Ambev (NYSE:ABEV - Get Free Report) last announced its earnings results on Friday, February 13th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.28 billion. Ambev had a net margin of 17.75% and a return on equity of 16.41%. Equities research analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Ambev

In related news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the company's stock in a transaction on Friday, March 27th. The shares were sold at an average price of $2.85, for a total value of $434,300.10. Following the sale, the insider directly owned 223,340 shares of the company's stock, valued at $636,519. This represents a 40.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Ambev Profile

Ambev NYSE: ABEV is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company's core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.