Eqis Capital Management Inc. lessened its stake in shares of AMBEV S A/S (NYSE:ABEV) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,996 shares of the company’s stock after selling 6,013 shares during the quarter. Eqis Capital Management Inc.’s holdings in AMBEV S A/S were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its holdings in AMBEV S A/S by 17.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 69,120,615 shares of the company’s stock valued at $315,881,000 after buying an additional 10,460,543 shares during the period. BlackRock Inc. grew its holdings in AMBEV S A/S by 13.0% in the 3rd quarter. BlackRock Inc. now owns 43,802,531 shares of the company’s stock valued at $200,178,000 after buying an additional 5,025,305 shares during the period. Manning & Napier Group LLC grew its holdings in AMBEV S A/S by 9.4% in the 3rd quarter. Manning & Napier Group LLC now owns 37,320,252 shares of the company’s stock valued at $170,551,000 after buying an additional 3,217,476 shares during the period. AMS Capital Ltda purchased a new stake in AMBEV S A/S in the 3rd quarter valued at about $13,399,000. Finally, William Blair Investment Management LLC grew its holdings in AMBEV S A/S by 33.7% in the 3rd quarter. William Blair Investment Management LLC now owns 11,447,249 shares of the company’s stock valued at $52,313,000 after buying an additional 2,882,298 shares during the period. Hedge funds and other institutional investors own 6.91% of the company’s stock.
Shares of NYSE:ABEV opened at $5.03 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.02 and a quick ratio of 0.82. AMBEV S A/S has a 1 year low of $3.77 and a 1 year high of $7.43. The stock has a market cap of $78.13 billion, a PE ratio of 21.87, a PEG ratio of 2.30 and a beta of 0.73.
The company also recently announced a special dividend, which was paid on Monday, January 7th. Stockholders of record on Thursday, December 20th were issued a dividend of $0.0828 per share. The ex-dividend date of this dividend was Wednesday, December 19th. This is a boost from AMBEV S A/S’s previous special dividend of $0.04. AMBEV S A/S’s payout ratio is presently 56.52%.
A number of brokerages have recently issued reports on ABEV. Zacks Investment Research upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Monday, December 17th. TheStreet upgraded AMBEV S A/S from a “c” rating to a “b-” rating in a report on Friday, February 1st. JPMorgan Chase & Co. cut AMBEV S A/S from a “neutral” rating to an “underweight” rating in a report on Thursday, October 25th. Finally, Bank of America cut AMBEV S A/S from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $5.40 to $4.00 in a report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. AMBEV S A/S presently has a consensus rating of “Hold” and an average target price of $5.63.
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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 Liquidity?
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