Janiczek Wealth Management LLC Sells 5,683 Shares of Ambev S.A. (NYSE:ABEV)

Janiczek Wealth Management LLC reduced its position in Ambev S.A. (NYSE:ABEV) by 14.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,467 shares of the company’s stock after selling 5,683 shares during the period. Janiczek Wealth Management LLC’s holdings in Ambev were worth $95,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ABEV. Westwood Global Investments LLC boosted its position in shares of Ambev by 3.1% during the third quarter. Westwood Global Investments LLC now owns 107,182,643 shares of the company’s stock worth $276,531,000 after acquiring an additional 3,229,411 shares during the last quarter. BlackRock Inc. boosted its position in shares of Ambev by 8.1% during the second quarter. BlackRock Inc. now owns 58,604,106 shares of the company’s stock worth $186,361,000 after acquiring an additional 4,368,652 shares during the last quarter. Ruffer LLP boosted its position in shares of Ambev by 2.0% during the third quarter. Ruffer LLP now owns 45,818,515 shares of the company’s stock worth $117,442,000 after acquiring an additional 888,510 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Ambev by 244.5% during the second quarter. Goldman Sachs Group Inc. now owns 43,146,270 shares of the company’s stock worth $108,297,000 after acquiring an additional 30,623,051 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Ambev by 2.1% during the first quarter. JPMorgan Chase & Co. now owns 36,312,283 shares of the company’s stock worth $102,401,000 after acquiring an additional 754,570 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ABEV has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Ambev in a research report on Friday, January 26th. They set a “buy” rating for the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Finally, Barclays downgraded shares of Ambev from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $3.50 to $3.00 in a research note on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3.20.

Ambev Price Performance

Ambev stock opened at $2.35 on Friday. The company has a market cap of $37.01 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.43 and a beta of 1.08. The firm’s fifty day moving average is $2.52 and its 200 day moving average is $2.64. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 0.03. Ambev S.A. has a 52-week low of $2.33 and a 52-week high of $3.23.

Ambev (NYSE:ABEV) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Ambev had a net margin of 18.19% and a return on equity of 17.60%. The company had revenue of $4.04 billion for the quarter. Sell-side analysts forecast that Ambev S.A. will post 0.19 EPS for the current fiscal year.

About Ambev

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.