AMBEV S A/S (ABEV) Shares Sold by Northern Cross LLC
Northern Cross LLC reduced its stake in shares of AMBEV S A/S (NYSE:ABEV) by 98.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 180,628 shares of the company’s stock after selling 8,939,649 shares during the quarter. AMBEV S A/S comprises about 0.3% of Northern Cross LLC’s portfolio, making the stock its 14th biggest position. Northern Cross LLC’s holdings in AMBEV S A/S were worth $825,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Zeke Capital Advisors LLC raised its stake in AMBEV S A/S by 2.0% during the 3rd quarter. Zeke Capital Advisors LLC now owns 620,425 shares of the company’s stock worth $2,835,000 after acquiring an additional 11,935 shares in the last quarter. NS Partners Ltd raised its stake in AMBEV S A/S by 2.6% during the 2nd quarter. NS Partners Ltd now owns 492,173 shares of the company’s stock worth $2,279,000 after acquiring an additional 12,400 shares in the last quarter. Raymond James & Associates raised its stake in AMBEV S A/S by 1.7% during the 2nd quarter. Raymond James & Associates now owns 733,327 shares of the company’s stock worth $3,395,000 after acquiring an additional 12,463 shares in the last quarter. Lenox Wealth Management Inc. raised its stake in AMBEV S A/S by 8.2% during the 3rd quarter. Lenox Wealth Management Inc. now owns 167,005 shares of the company’s stock worth $763,000 after acquiring an additional 12,586 shares in the last quarter. Finally, Portland Global Advisors LLC raised its stake in AMBEV S A/S by 7.7% during the 2nd quarter. Portland Global Advisors LLC now owns 183,199 shares of the company’s stock worth $848,000 after acquiring an additional 13,030 shares in the last quarter. Hedge funds and other institutional investors own 6.83% of the company’s stock.
NYSE ABEV opened at $4.18 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $67.67 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.10 and a beta of 0.55. AMBEV S A/S has a one year low of $3.86 and a one year high of $7.43.
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AMBEV S A/S Company Profile
Ambev SA engages in the production, distribution, and sale of beverages. The company products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. Its operates a distribution network that comprises beverage distributors, supermarkets, bars and restaurants, as well as small groceries, bakeries, snack bars and franchises, and points of sale in Brazil.
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