Ambev S.A. (NYSE:ABEV) Shares Purchased by Caprock Group LLC

Caprock Group LLC boosted its holdings in Ambev S.A. (NYSE:ABEV) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 65,189 shares of the company’s stock after buying an additional 7,211 shares during the period. Caprock Group LLC’s holdings in Ambev were worth $128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Private Management Group Inc. grew its stake in shares of Ambev by 43.8% in the third quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock valued at $32,765,000 after buying an additional 4,087,442 shares in the last quarter. Altrius Capital Management Inc purchased a new position in Ambev in the 3rd quarter worth approximately $8,630,000. Allspring Global Investments Holdings LLC grew its position in Ambev by 33.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,236,234 shares of the company’s stock valued at $32,296,000 after acquiring an additional 3,322,952 shares in the last quarter. Meritage Portfolio Management purchased a new stake in shares of Ambev during the third quarter valued at approximately $4,645,000. Finally, Seafarer Capital Partners LLC lifted its position in shares of Ambev by 6.3% during the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after purchasing an additional 1,770,000 shares in the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ABEV. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Citigroup reissued a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Barclays dropped their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com assumed coverage on Ambev in a report on Monday, January 27th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ambev has a consensus rating of “Hold” and a consensus target price of $2.45.

Ambev Trading Down 0.3 %

NYSE ABEV opened at $1.84 on Friday. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 5.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.72. The company’s fifty day moving average price is $1.95 and its two-hundred day moving average price is $2.16.

Ambev Cuts Dividend

The company also recently declared an annual dividend, which was paid on Thursday, January 9th. Investors of record on Monday, December 23rd were paid a $0.0414 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a yield of 1.93%. Ambev’s dividend payout ratio (DPR) is 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.