Ambev S.A. (NYSE:ABEV – Get 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, StockNews.com 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
Ambev Company Profile
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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