RWC Asset Management LLP Sells 599,899 Shares of Ambev S.A. (NYSE:ABEV)

RWC Asset Management LLP decreased its position in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,339,258 shares of the company's stock after selling 599,899 shares during the quarter. Ambev comprises approximately 1.8% of RWC Asset Management LLP's investment portfolio, making the stock its 19th largest position. RWC Asset Management LLP owned approximately 0.07% of Ambev worth $28,950,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. bought a new position in Ambev during the 3rd quarter worth approximately $26,000. Ieq Capital LLC bought a new position in Ambev during the 3rd quarter worth approximately $27,000. SVB Wealth LLC bought a new position in Ambev during the 4th quarter worth approximately $34,000. West Family Investments Inc. bought a new stake in shares of Ambev in the 3rd quarter valued at $32,000. Finally, Hartford Financial Management Inc. increased its stake in shares of Ambev by 49.9% in the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company's stock valued at $36,000 after acquiring an additional 4,238 shares in the last quarter. Institutional investors own 8.13% of the company's stock.

Ambev Stock Up 1.3 %

NYSE ABEV traded up $0.03 during mid-day trading on Friday, hitting $2.33. The company's stock had a trading volume of 5,890,772 shares, compared to its average volume of 13,396,590. The company's 50 day simple moving average is $2.46 and its 200 day simple moving average is $2.62. Ambev S.A. has a twelve month low of $2.23 and a twelve month high of $3.23. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $36.70 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.32 and a beta of 1.08.

Ambev (NYSE:ABEV - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Ambev had a net margin of 18.19% and a return on equity of 17.60%. The business had revenue of $4.04 billion during the quarter. Analysts anticipate that Ambev S.A. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ABEV. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Ambev in a research note on Friday, March 1st. Barclays lowered shares of Ambev from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $3.50 to $3.00 in a research note on Monday, March 4th. Finally, StockNews.com began coverage on shares of Ambev in a research note on Friday, January 26th. They issued a "buy" rating for the company. Four analysts have rated the stock with a hold rating and four have assigned 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 $3.20.

Ambev Company 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.