Wealth Enhancement Advisory Services LLC Has $296,000 Stake in Ambev S.A. $ABEV

Key Points

• Wealth Enhancement Advisory Services LLC significantly reduced its stake in Ambev S.A. by 64.6% during the second quarter, leaving it with 119,963 shares valued at approximately $296,000.
• Ambev recently declared a dividend of $0.023 per share, an increase from the previous $0.02, representing a yield of 660.0%.
• The company's stock has a market capitalization of $34.19 billion and reported a net margin of 16.18% with a return on equity of 15.39% for the last quarter.

Wealth Enhancement Advisory Services LLC reduced its stake in Ambev S.A. (NYSE:ABEV - Free Report) by 64.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,963 shares of the company's stock after selling 219,106 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Ambev were worth $296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ABEV. GAMMA Investing LLC raised its holdings in Ambev by 468.4% in the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company's stock valued at $26,000 after buying an additional 9,063 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Ambev in the 1st quarter worth $26,000. Perigon Wealth Management LLC bought a new position in Ambev during the first quarter valued at about $27,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Ambev during the first quarter valued at about $28,000. Finally, M&T Bank Corp purchased a new stake in shares of Ambev in the first quarter worth about $30,000. Institutional investors own 8.13% of the company's stock.

Ambev Stock Performance

NYSE:ABEV opened at $2.17 on Thursday. The stock's fifty day moving average is $2.24 and its 200 day moving average is $2.35. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.63. The firm has a market capitalization of $34.19 billion, a PE ratio of 13.56, a PEG ratio of 2.24 and a beta of 0.85. 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 (NYSE:ABEV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.03 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 company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $21.84 billion. On average, sell-side analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The business also recently declared 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. This is an increase from Ambev's previous -- dividend of $0.02. This represents a yield of 660.0%. The ex-dividend date is Monday, August 11th. Ambev's dividend payout ratio (DPR) is 31.25%.

Analyst Upgrades and Downgrades

ABEV has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of Ambev to a "hold" rating in a research note on Friday, August 1st. Zacks Research upgraded shares of Ambev from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Weiss Ratings restated a "hold (c)" rating on shares of Ambev in a report on Wednesday. HSBC reaffirmed a "hold" rating on shares of Ambev in a research report on Friday, August 1st. Finally, UBS Group decreased their target price on Ambev from $2.50 to $2.20 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $2.35.

About Ambev

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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