Callan Family Office LLC Raises Stock Holdings in Ambev S.A. $ABEV

Callan Family Office LLC increased its position in Ambev S.A. (NYSE:ABEV - Free Report) by 152.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,501 shares of the company's stock after buying an additional 130,867 shares during the quarter. Callan Family Office LLC's holdings in Ambev were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Ambev by 105.8% in the first 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. Private Management Group Inc. increased its stake in shares of Ambev by 6.4% in the first quarter. Private Management Group Inc. now owns 15,439,216 shares of the company's stock worth $35,973,000 after buying an additional 926,982 shares during the period. Northern Trust Corp increased its stake in shares of Ambev by 17.8% in the first quarter. Northern Trust Corp now owns 7,757,412 shares of the company's stock worth $18,075,000 after buying an additional 1,170,397 shares during the period. Walleye Capital LLC increased its stake in shares of Ambev by 538.4% in the first 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. Finally, Goldman Sachs Group Inc. increased its stake in shares of Ambev by 13.2% in the first quarter. Goldman Sachs Group Inc. now owns 5,000,107 shares of the company's stock worth $11,650,000 after buying an additional 582,153 shares during the period. 8.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ABEV has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Ambev from $2.50 to $2.20 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Hsbc Global Res raised shares of Ambev to a "hold" rating in a research report on Friday, August 1st. HSBC reissued a "hold" rating on shares of Ambev in a research report on Friday, August 1st. Zacks Research raised shares of Ambev from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Ambev in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $2.35.

Ambev Stock Up 1.2%

NYSE:ABEV opened at $2.17 on Wednesday. The firm's 50-day moving average price is $2.23 and its 200-day moving average price is $2.35. The company has a market capitalization of $34.12 billion, a PE ratio of 13.53, a P/E/G ratio of 2.15 and a beta of 0.85. 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 1-year low of $1.76 and a 1-year high of $2.63.

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

Ambev Increases Dividend

The company also recently declared a -- dividend, which was paid on Tuesday, October 14th. Investors of record on Monday, August 11th were paid a $0.023 dividend. This represents a yield of 660.0%. The ex-dividend date was Monday, August 11th. This is a positive change from Ambev's previous -- dividend of $0.02. Ambev's dividend payout ratio (DPR) is presently 31.25%.

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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