US Bancorp DE Sells 706,783 Shares of Ambev S.A. $ABEV

Key Points

• US Bancorp DE significantly reduced its holdings in Ambev S.A. by 81.1% during the first quarter, now owning 164,913 shares valued at $384,000 after selling 706,783 shares.
• Multiple institutional investors, such as Bank of America and Two Sigma Advisers, have increased their positions in Ambev, with Bank of America growing its stake by 201.7% in the fourth quarter.
• Ambev recently declared a dividend payment of $0.023 per share, representing a yield of 660.0%, which is an increase from its previous dividend of $0.02.

US Bancorp DE reduced its stake in Ambev S.A. (NYSE:ABEV - Free Report) by 81.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,913 shares of the company's stock after selling 706,783 shares during the period. US Bancorp DE's holdings in Ambev were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of Ambev by 36.8% in the 4th quarter. LPL Financial LLC now owns 808,204 shares of the company's stock worth $1,495,000 after acquiring an additional 217,527 shares in the last quarter. JPMorgan Chase & Co. raised its position in Ambev by 2,385.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,005,614 shares of the company's stock valued at $3,710,000 after purchasing an additional 1,924,912 shares during the last quarter. Franklin Resources Inc. boosted its stake in Ambev by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 641,707 shares of the company's stock worth $1,187,000 after purchasing an additional 42,416 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Ambev by 55.5% during the fourth quarter. Cerity Partners LLC now owns 315,451 shares of the company's stock worth $584,000 after purchasing an additional 112,616 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Ambev by 7.6% during the fourth quarter. Invesco Ltd. now owns 1,915,696 shares of the company's stock worth $3,544,000 after purchasing an additional 135,869 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors.

Ambev Trading Up 1.1%

ABEV traded up $0.03 during mid-day trading on Monday, hitting $2.22. The stock had a trading volume of 6,764,064 shares, compared to its average volume of 33,061,184. The stock's fifty day simple moving average is $2.36 and its 200-day simple moving average is $2.30. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.63. 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 (NYSE:ABEV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $21.84 billion. As a group, research analysts forecast that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th will be given a dividend of $0.023 per share. This is an increase from Ambev's previous -- dividend of $0.02. This represents a dividend yield of 660.0%. The ex-dividend date of this dividend is Monday, August 11th. Ambev's payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. HSBC reiterated a "hold" rating on shares of Ambev in a research report on Friday, August 1st. Wall Street Zen started coverage on shares of Ambev in a research note on Wednesday, April 23rd. They set a "buy" rating for the company. UBS Group raised their price objective on shares of Ambev from $2.60 to $2.70 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Hsbc Global Res upgraded shares of Ambev to a "hold" rating in a research report on Friday, August 1st. Finally, Barclays increased their price target on Ambev from $2.00 to $2.50 and gave the company an "equal weight" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Ambev currently has a consensus rating of "Hold" and a consensus target price of $2.60.

Ambev Company 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.