148,193 Shares in Ambev S.A. $ABEV Purchased by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC has acquired 148,193 shares of Ambev S.A. ($ABEV), valued at approximately $349,000, marking a new investment in the company.
• Ambev recently increased its dividend to $0.023 per share, representing a yield of 660.0%, up from the previous dividend of $0.02, with the ex-dividend date set for August 11th.
• The company's stock has shown a modest increase of 0.7% and has a market cap of $36.32 billion, with the stock price opening at $2.31 on Friday.

Ashton Thomas Private Wealth LLC acquired a new position in shares of Ambev S.A. (NYSE:ABEV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 148,193 shares of the company's stock, valued at approximately $349,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Talaria Asset Management Pty Ltd bought a new stake in Ambev during the fourth quarter worth about $38,602,000. Two Sigma Advisers LP raised its stake in Ambev by 329.6% during the fourth quarter. Two Sigma Advisers LP now owns 16,354,000 shares of the company's stock worth $30,255,000 after acquiring an additional 12,546,800 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Ambev by 105.8% during the first quarter. Russell Investments Group Ltd. now owns 16,170,388 shares of the company's stock worth $37,677,000 after acquiring an additional 8,312,561 shares in the last quarter. Private Management Group Inc. raised its stake in Ambev by 6.4% during the first quarter. Private Management Group Inc. now owns 15,439,216 shares of the company's stock worth $35,973,000 after acquiring an additional 926,982 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in Ambev by 202.5% during the fourth quarter. Two Sigma Investments LP now owns 13,181,359 shares of the company's stock worth $24,386,000 after acquiring an additional 8,823,911 shares in the last quarter. Institutional investors own 8.13% of the company's stock.

Ambev Stock Up 0.7%

NYSE:ABEV opened at $2.31 on Friday. The firm's 50 day simple moving average is $2.27 and its 200 day simple moving average is $2.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.80. Ambev S.A. has a one year low of $1.76 and a one year high of $2.63. The company has a market cap of $36.32 billion, a PE ratio of 14.41, a P/E/G ratio of 2.50 and a beta of 0.84.

Ambev (NYSE:ABEV - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $21.84 billion. On average, research analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be given a dividend of $0.023 per share. The ex-dividend date is Monday, August 11th. This represents a yield of 660.0%. This is a boost from Ambev's previous -- dividend of $0.02. Ambev's dividend payout ratio is 25.00%.

Analyst Upgrades and Downgrades

ABEV has been the subject of several research analyst reports. HSBC reissued a "hold" rating on shares of Ambev in a research note on Friday, August 1st. Hsbc Global Res raised Ambev to a "hold" rating in a research note on Friday, August 1st. Finally, UBS Group lowered their target price on Ambev from $2.50 to $2.20 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Ambev presently has an average rating of "Reduce" and an average price target of $2.35.

Ambev Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.

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