Allspring Global Investments Holdings LLC lessened its holdings in Ambev S.A. (NYSE:ABEV - Free Report) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,615,507 shares of the company's stock after selling 2,500,673 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of Ambev worth $35,370,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of ABEV. Russell Investments Group Ltd. increased its holdings in Ambev by 105.8% in the 1st quarter. Russell Investments Group Ltd. now owns 16,170,388 shares of the company's stock worth $37,677,000 after buying an additional 8,312,561 shares during the period. Great Lakes Advisors LLC increased its holdings in Ambev by 836.1% in the 1st quarter. Great Lakes Advisors LLC now owns 4,954,218 shares of the company's stock worth $11,543,000 after buying an additional 4,424,987 shares during the period. Walleye Capital LLC increased its holdings in Ambev by 538.4% in the 1st quarter. Walleye Capital LLC now owns 5,242,702 shares of the company's stock worth $12,215,000 after buying an additional 4,421,534 shares during the period. Strs Ohio acquired a new position in Ambev in the 1st quarter worth approximately $7,133,000. Finally, Invesco Ltd. increased its holdings in Ambev by 98.6% in the 1st quarter. Invesco Ltd. now owns 3,803,683 shares of the company's stock worth $8,863,000 after buying an additional 1,887,987 shares during the period. Institutional investors and hedge funds own 8.13% of the company's stock.
Ambev Price Performance
Shares of NYSE ABEV opened at $2.18 on Thursday. The firm has a market cap of $34.27 billion, a PE ratio of 13.59, a PEG ratio of 2.17 and a beta of 0.85. The firm has a fifty day moving average of $2.23 and a 200 day moving average of $2.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11. Ambev S.A. has a one year low of $1.76 and a one year high of $2.63.
Ambev (NYSE:ABEV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $21.84 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. As a group, research analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.
Ambev Increases Dividend
The business also recently declared a -- dividend, which was paid on Tuesday, October 14th. Investors of record on Monday, August 11th were issued a $0.023 dividend. This represents a yield of 660.0%. The ex-dividend date of this dividend was Monday, August 11th. This is a boost from Ambev's previous -- dividend of $0.02. Ambev's payout ratio is presently 25.00%.
Analyst Ratings Changes
ABEV has been the subject of several recent research reports. UBS Group cut their target price on shares of Ambev from $2.50 to $2.20 and set a "neutral" rating for the company in a report on Wednesday, August 20th. HSBC reaffirmed a "hold" rating on shares of Ambev in a report on Friday, August 1st. Hsbc Global Res raised shares of Ambev to a "hold" rating in a report on Friday, August 1st. Zacks Research raised shares of Ambev from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ambev in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $2.35.
View Our Latest Report on Ambev
About Ambev
(
Free Report)
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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