Fmr LLC Grows Holdings in Ambev S.A. (NYSE:ABEV)

Fmr LLC raised its position in Ambev S.A. (NYSE:ABEV) by 35.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,604 shares of the company’s stock after buying an additional 20,599 shares during the period. Fmr LLC’s holdings in Ambev were worth $192,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ABEV. Bank of Montreal Can boosted its holdings in Ambev by 16.4% in the 3rd quarter. Bank of Montreal Can now owns 910,885 shares of the company’s stock valued at $2,186,000 after purchasing an additional 128,439 shares during the period. Fisher Asset Management LLC boosted its stake in Ambev by 1.3% during the third quarter. Fisher Asset Management LLC now owns 5,647,224 shares of the company’s stock valued at $13,779,000 after buying an additional 74,076 shares during the period. Daiwa Securities Group Inc. grew its position in Ambev by 22.5% during the third quarter. Daiwa Securities Group Inc. now owns 212,000 shares of the company’s stock worth $517,000 after buying an additional 39,000 shares in the last quarter. Pitcairn Co. grew its position in Ambev by 80.1% during the third quarter. Pitcairn Co. now owns 177,773 shares of the company’s stock worth $434,000 after buying an additional 79,038 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Ambev by 61.7% in the 3rd quarter. Cerity Partners LLC now owns 202,835 shares of the company’s stock worth $495,000 after acquiring an additional 77,423 shares during the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Trading Up 1.5 %

NYSE:ABEV opened at $2.06 on Friday. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 6.67 and a beta of 1.05. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.23. Ambev S.A. has a 52 week low of $2.01 and a 52 week high of $2.94.

Ambev Cuts Dividend

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Ambev in a report on Friday, October 18th. They issued a “buy” rating on the stock.

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.