Formuepleje A 13F: New $24M Stake in Ambev (ABEV)

Formuepleje A/S entered a new position in Ambev S.A. (NYSE:ABEV), according to a Form 13F filed with the SEC on October 15, 2026. Because 13F filings are backward-looking documents, they reflect holdings as of the close of the reporting quarter and may not represent the investor's current position today.

Inside Formuepleje A/S's Ambev Trade

Formuepleje A/S opened a brand-new stake in the beverage company by purchasing 8,085,691 shares. The reported value of this new holding stood at $23,610,218. Because this is a newly established position, there is no prior quarter comparison or percentage change to report.

Other Institutional Activity in Ambev S.A.

Other large money managers also shifted their positions in Ambev during recent periods. First Eagle Investment Management, LLC grew its holdings by 2,324,889 shares, ending with 349,323,217 shares worth about $1,149,273,370. GQG Partners LLC trimmed its stake by 1,963,881 shares, leaving it with 185,072,397 shares valued at $608,888,179. Blackrock Inc. reduced its holdings by 1,887,129 shares to finish with 33,059,703 shares worth $108,766,421. Goldman Sachs Group Inc significantly grew its stake by adding 12,750,897 shares for a total of 28,979,606 shares valued at $95,342,902, which works out to a 78.6% increase. LOOMIS SAYLES & CO L P lifted its position by 6,509,860 shares, or 31.8%, ending with 27,000,448 shares worth $88,831,472.

Ambev S.A. Stock Holds Steady

Ambev S.A. shares recently traded around $3.26 as of October 16, 2026. The stock trades above its 50-day moving average of $2.98 and its 200-day moving average of $2.99. The share price sits below its 52-week high of $3.45 and above its 52-week low of $2.18.

Recent Earnings

Ambev S.A. reported trailing-twelve-month revenue of $88,268,292,096 alongside trailing earnings per share of $0.19. The company's next earnings report is scheduled for October 29, 2026.

Dividend

Ambev pays an annual dividend rate of $0.14 per share, translating to a dividend yield of 4.15% with a payout ratio of 78.9%.

Analysts Set New Price Targets

Wall Street firms have adjusted their views on the stock ahead of upcoming results. On July 15, 2026, Scotiabank downgraded the stock to a Sector Perform rating. Later, on October 7, 2026, B of A Securities downgraded the stock to an Underperform rating with a $3.30 price target. The stock carries a consensus recommendation of hold from ten analysts, with a mean price target of $3.35.

About Ambev S.A.

Ambev S.A. operates as a major brewer and beverage company headquartered in São Paulo, Brazil. Through its subsidiaries, the company produces, distributes, and sells beer, draft beer, soft drinks, malt, and food items across Brazil, Central America, the Caribbean, Latin America South, and Canada. Institutional interest from investors like Formuepleje A/S highlights how global funds approach the regional beverage market.

Bottom Line

Formuepleje A/S's new position gives investors another data point to consider alongside institutional shifts. Observers will want to watch for the company's upcoming earnings report on October 29, 2026, for fresh updates on financial performance, keeping in mind that 13F filings only offer a historical snapshot of past portfolio choices.