Ambev S.A. $ABEV Shares Purchased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Ambev S.A. by 177.3% during the 2nd quarter, acquiring a total of 2,326,308 shares valued at approximately $5.61 million.
• Ambev recently declared a dividend increase to $0.023 per share, raising the dividend yield to 660.0%, with a payout ratio of 31.25%.
• Analysts have mixed views on Ambev, with a consensus rating of "Reduce" and a target price of $2.35, reflecting cautious sentiment on the stock's performance.

Exchange Traded Concepts LLC raised its holdings in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 177.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,326,308 shares of the company's stock after buying an additional 1,487,425 shares during the quarter. Exchange Traded Concepts LLC's holdings in Ambev were worth $5,606,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp grew its holdings 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 valued at $18,075,000 after purchasing an additional 1,170,397 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Ambev during the 1st quarter valued at approximately $925,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Ambev by 14.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 339,069 shares of the company's stock valued at $790,000 after acquiring an additional 42,722 shares during the last quarter. American Century Companies Inc. increased its stake in Ambev by 10.0% during the first quarter. American Century Companies Inc. now owns 2,455,125 shares of the company's stock worth $5,720,000 after acquiring an additional 222,768 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Ambev by 98.6% during the first quarter. Invesco Ltd. now owns 3,803,683 shares of the company's stock worth $8,863,000 after acquiring an additional 1,887,987 shares during the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Ambev Stock Performance

Shares of Ambev stock traded up $0.05 during trading on Tuesday, reaching $2.32. The company's stock had a trading volume of 9,373,441 shares, compared to its average volume of 33,371,547. The firm has a market cap of $36.48 billion, a PE ratio of 14.47, a P/E/G ratio of 2.38 and a beta of 0.84. The company has a 50-day moving average price of $2.27 and a two-hundred day moving average price of $2.36. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week 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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.03. Ambev had a return on equity of 15.39% and a net margin of 16.18%.The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $21.84 billion. On average, analysts forecast that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Increases Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Monday, August 11th. This is a positive change from Ambev's previous -- dividend of $0.02. This represents a dividend yield of 660.0%. Ambev's payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

ABEV has been the subject of a number of recent analyst reports. HSBC reissued a "hold" rating on shares of Ambev in a research report on Friday, August 1st. UBS Group dropped 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. Finally, Hsbc Global Res upgraded Ambev to a "hold" rating in a research report on Friday, August 1st. Six 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 stock currently has an average rating of "Reduce" and a consensus 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.