Ambev S.A. (NYSE:ABEV) Shares Bought by Barclays PLC

Barclays PLC boosted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 76.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,625 shares of the company’s stock after purchasing an additional 22,880 shares during the period. Barclays PLC’s holdings in Ambev were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABEV. Bank of New York Mellon Corp lifted its position in Ambev by 26.5% during the second quarter. Bank of New York Mellon Corp now owns 947,932 shares of the company’s stock valued at $1,943,000 after purchasing an additional 198,462 shares during the period. National Bank of Canada FI increased its holdings in Ambev by 25.0% in the second quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock valued at $50,000 after buying an additional 4,900 shares in the last quarter. Caprock Group LLC increased its holdings in Ambev by 57.2% in the second quarter. Caprock Group LLC now owns 55,575 shares of the company’s stock valued at $114,000 after buying an additional 20,223 shares in the last quarter. Choreo LLC purchased a new position in Ambev in the second quarter valued at $515,000. Finally, Headlands Technologies LLC increased its holdings in Ambev by 691.5% in the second quarter. Headlands Technologies LLC now owns 688,255 shares of the company’s stock valued at $1,411,000 after buying an additional 601,299 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Ambev in a report on Thursday, January 2nd. They issued a “buy” rating for the company.

Ambev Stock Down 0.3 %

ABEV stock opened at $1.85 on Thursday. The stock has a market capitalization of $29.07 billion, a P/E ratio of 10.25, a P/E/G ratio of 6.67 and a beta of 1.05. The firm has a 50-day simple moving average of $2.10 and a 200-day simple moving average of $2.20. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.82.

Ambev Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.0414 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio is currently 38.89%.

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.