Ambev Sees Unusually Large Options Volume (NYSE:ABEV)

Ambev S.A. (NYSE:ABEVGet Rating) saw unusually large options trading on Wednesday. Stock investors bought 5,001 put options on the company. This represents an increase of approximately 348% compared to the typical daily volume of 1,116 put options.

Analyst Ratings Changes

Separately, raised Ambev from a “hold” rating to a “buy” rating in a report on Monday, October 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ABEV. Brown Brothers Harriman & Co. boosted its stake in Ambev by 117.5% in the first quarter. Brown Brothers Harriman & Co. now owns 8,233 shares of the company’s stock valued at $27,000 after acquiring an additional 4,448 shares during the last quarter. Veriti Management LLC purchased a new stake in shares of Ambev during the 2nd quarter valued at $28,000. SVB Wealth LLC purchased a new stake in shares of Ambev during the 2nd quarter valued at $29,000. Mayflower Financial Advisors LLC bought a new stake in Ambev in the 3rd quarter worth $30,000. Finally, HB Wealth Management LLC bought a new stake in Ambev in the 3rd quarter worth $31,000. Institutional investors and hedge funds own 8.44% of the company’s stock.

Ambev Stock Performance

ABEV stock traded up $0.03 during mid-day trading on Wednesday, reaching $2.90. 44,550 shares of the stock traded hands, compared to its average volume of 31,539,652. The company has a quick ratio of 0.83, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. Ambev has a 52 week low of $2.42 and a 52 week high of $3.32. The business has a 50-day moving average of $2.93 and a two-hundred day moving average of $2.83. The firm has a market capitalization of $45.64 billion, a PE ratio of 17.94, a P/E/G ratio of 2.07 and a beta of 1.05.

Ambev Company Profile

(Get Rating)

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.

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