Ambev S.A. (NYSE:ABEV) Short Interest Update

Ambev S.A. (NYSE:ABEV) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 68,380,000 shares, a drop of 5.1% from the November 15th total of 72,090,000 shares. Based on an average trading volume of 25,850,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.4% of the company’s stock are sold short.

Ambev Stock Performance

Shares of ABEV stock opened at $2.02 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The company has a market cap of $31.82 billion, a PE ratio of 11.22, a PEG ratio of 6.67 and a beta of 1.05. Ambev has a 12-month low of $2.01 and a 12-month high of $3.00. The business’s fifty day simple moving average is $2.22 and its 200-day simple moving average is $2.23.

Ambev Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd will be paid a $0.0414 dividend. This represents a yield of 1.93%. The ex-dividend date is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Ambev in a research report on Friday, October 18th. They set a “buy” rating for the company.

Institutional Investors Weigh In On Ambev

Institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC purchased a new stake in shares of Ambev during the first quarter valued at $156,000. Assenagon Asset Management S.A. grew its stake in Ambev by 311.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 768,419 shares of the company’s stock valued at $1,575,000 after purchasing an additional 581,880 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Ambev by 30.6% in the second quarter. Blue Trust Inc. now owns 114,604 shares of the company’s stock valued at $235,000 after purchasing an additional 26,821 shares during the period. Raymond James & Associates raised its stake in shares of Ambev by 154.0% in the second quarter. Raymond James & Associates now owns 1,805,328 shares of the company’s stock worth $3,701,000 after purchasing an additional 1,094,629 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ambev by 26.5% during the second quarter. Bank of New York Mellon Corp now owns 947,932 shares of the company’s stock worth $1,943,000 after purchasing an additional 198,462 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

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.