Van ECK Associates Corp Sells 32,964 Shares of Ambev S.A. (NYSE:ABEV)

Van ECK Associates Corp trimmed its holdings in shares of Ambev S.A. (NYSE:ABEVGet Rating) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,580 shares of the company’s stock after selling 32,964 shares during the quarter. Van ECK Associates Corp’s holdings in Ambev were worth $1,377,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ABEV. Goldman Sachs Group Inc. grew its position in Ambev by 244.5% during the second quarter. Goldman Sachs Group Inc. now owns 43,146,270 shares of the company’s stock valued at $108,297,000 after buying an additional 30,623,051 shares during the period. Bank of America Corp DE grew its position in Ambev by 343.9% during the first quarter. Bank of America Corp DE now owns 18,063,699 shares of the company’s stock valued at $58,346,000 after buying an additional 13,994,065 shares during the period. FMR LLC lifted its holdings in Ambev by 12.2% during the second quarter. FMR LLC now owns 126,786,814 shares of the company’s stock valued at $318,235,000 after purchasing an additional 13,771,594 shares in the last quarter. BlackRock Inc. lifted its holdings in Ambev by 20.3% during the first quarter. BlackRock Inc. now owns 44,734,818 shares of the company’s stock valued at $144,494,000 after purchasing an additional 7,564,065 shares in the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new position in Ambev during the second quarter valued at approximately $17,755,000. 8.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TheStreet raised shares of Ambev from a “c+” rating to a “b” rating in a report on Friday, December 9th. UBS Group raised shares of Ambev from a “sell” rating to a “buy” rating in a report on Thursday. Finally, StockNews.com assumed coverage on shares of Ambev in a report on Thursday. They set a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Ambev Price Performance

Ambev stock opened at $2.71 on Friday. The company has a market cap of $42.65 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.77 and a beta of 1.04. The firm’s fifty day moving average is $2.86 and its 200 day moving average is $2.85. The company has a quick ratio of 0.83, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 52-week low of $2.42 and a 52-week high of $3.32.

Ambev (NYSE:ABEVGet Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. Ambev had a net margin of 16.58% and a return on equity of 15.69%. Sell-side analysts forecast that Ambev S.A. will post 0.15 EPS for the current fiscal year.

Ambev Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, January 9th. Investors of record on Wednesday, December 21st were paid a dividend of $0.1457 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, December 20th. Ambev’s payout ratio is 75.00%.

Ambev Profile

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Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.

See Also

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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