AMBEV S A/S (NYSE:ABEV) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 22,660,669 shares, a decrease of 17.8% from the February 15th total of 27,558,636 shares. Based on an average trading volume of 26,621,033 shares, the short-interest ratio is presently 0.9 days.

A number of equities analysts recently weighed in on ABEV shares. TheStreet upgraded shares of AMBEV S A/S from a “c” rating to a “b-” rating in a report on Friday, February 1st. Zacks Investment Research upgraded shares of AMBEV S A/S from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Thursday, January 24th. Santander lowered shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, Itau BBA Securities cut shares of AMBEV S A/S from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 28th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. AMBEV S A/S currently has a consensus rating of “Hold” and a consensus price target of $5.63.

Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of AMBEV S A/S by 55.7% in the fourth quarter. FMR LLC now owns 21,404,746 shares of the company’s stock worth $83,907,000 after acquiring an additional 7,656,571 shares during the period. First Allied Advisory Services Inc. boosted its position in shares of AMBEV S A/S by 21.7% during the 4th quarter. First Allied Advisory Services Inc. now owns 20,057 shares of the company’s stock valued at $78,000 after purchasing an additional 3,582 shares in the last quarter. Jane Street Group LLC boosted its stake in AMBEV S A/S by 164.8% during the fourth quarter. Jane Street Group LLC now owns 777,779 shares of the company’s stock worth $3,049,000 after buying an additional 484,077 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of AMBEV S A/S in the fourth quarter valued at about $1,170,000. Finally, Paloma Partners Management Co acquired a new position in shares of AMBEV S A/S during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 7.00% of the company’s stock.

ABEV stock opened at $4.32 on Friday. The company has a market capitalization of $69.33 billion, a PE ratio of 18.78, a P/E/G ratio of 2.09 and a beta of 0.66. AMBEV S A/S has a twelve month low of $3.77 and a twelve month high of $7.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 1.02.

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AMBEV S A/S Company Profile

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.

Further Reading: What is an Initial Public Offering (IPO)?

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