AMBEV S A/S (NYSE:ABEV)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $4.28 and last traded at $4.34, with a volume of 552953 shares trading hands. The stock had previously closed at $4.35.

Several equities analysts have weighed in on the stock. ValuEngine downgraded shares of AMBEV S A/S from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. TheStreet downgraded shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a report on Tuesday, May 29th. JPMorgan Chase & Co. downgraded shares of AMBEV S A/S from an “overweight” rating to a “neutral” rating in a report on Monday, June 18th. Barclays upgraded shares of AMBEV S A/S from an “equal weight” rating to an “overweight” rating and set a $7.00 target price for the company in a report on Friday, July 27th. Finally, HSBC upgraded shares of AMBEV S A/S from a “reduce” rating to a “hold” rating in a report on Sunday, June 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.38.

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.97. The firm has a market cap of $68.77 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 0.94 and a beta of 0.55.

AMBEV S A/S (NYSE:ABEV) last posted its earnings results on Thursday, July 26th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). AMBEV S A/S had a net margin of 16.03% and a return on equity of 24.66%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.11 billion. analysts forecast that AMBEV S A/S will post 0.23 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Vontobel Asset Management Inc. grew its holdings in shares of AMBEV S A/S by 5.3% during the second quarter. Vontobel Asset Management Inc. now owns 173,943,259 shares of the company’s stock worth $819,935,000 after buying an additional 8,727,647 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AMBEV S A/S by 1.7% during the first quarter. JPMorgan Chase & Co. now owns 89,919,627 shares of the company’s stock worth $653,717,000 after buying an additional 1,482,872 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of AMBEV S A/S by 1,785.4% during the second quarter. Renaissance Technologies LLC now owns 38,834,997 shares of the company’s stock worth $179,806,000 after buying an additional 36,775,197 shares in the last quarter. BlackRock Inc. grew its holdings in shares of AMBEV S A/S by 3.5% during the second quarter. BlackRock Inc. now owns 38,777,226 shares of the company’s stock worth $179,539,000 after buying an additional 1,301,258 shares in the last quarter. Finally, Manning & Napier Group LLC grew its holdings in shares of AMBEV S A/S by 1.5% during the second quarter. Manning & Napier Group LLC now owns 34,102,776 shares of the company’s stock worth $157,894,000 after buying an additional 492,401 shares in the last quarter. Hedge funds and other institutional investors own 7.03% of the company’s stock.

AMBEV S A/S Company Profile (NYSE:ABEV)

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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