Ambev S.A. (NYSE:ABEV) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in Ambev S.A. (NYSE:ABEV) by 18.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,013 shares of the company’s stock after acquiring an additional 8,350 shares during the period. HighTower Advisors LLC’s holdings in Ambev were worth $129,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. HTLF Bank acquired a new stake in shares of Ambev in the third quarter valued at approximately $26,000. Wealthstream Advisors Inc. acquired a new stake in Ambev in the 3rd quarter valued at approximately $29,000. Riversedge Advisors LLC bought a new stake in Ambev during the 3rd quarter valued at $31,000. Foster Group Inc. acquired a new position in Ambev during the 3rd quarter worth $33,000. Finally, BSW Wealth Partners bought a new position in shares of Ambev in the third quarter worth $33,000. 8.13% of the stock is owned by institutional investors.

Ambev Price Performance

Shares of NYSE:ABEV opened at $1.89 on Friday. The stock’s 50 day moving average price is $2.18 and its 200 day moving average price is $2.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The stock has a market cap of $29.77 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 6.67 and a beta of 1.05. Ambev S.A. has a 12 month low of $1.88 and a 12 month high of $2.85.

Ambev Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Ambev in a research note on Tuesday. They set a “buy” rating on the stock.

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.