Allspring Global Investments Holdings LLC Has $1.08 Million Stock Position in Ambev S.A. (NYSE:ABEV)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Ambev S.A. (NYSE:ABEV – Get Rating) by 90.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 380,440 shares of the company’s stock after selling 3,551,700 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ambev were worth $1,076,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in Ambev by 12.2% in the second quarter. FMR LLC now owns 126,786,814 shares of the company’s stock valued at $318,235,000 after acquiring an additional 13,771,594 shares during the period. BlackRock Inc. boosted its position in shares of 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 buying an additional 7,564,065 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ambev by 12.0% during the second quarter. JPMorgan Chase & Co. now owns 43,437,001 shares of the company’s stock valued at $109,026,000 after buying an additional 4,661,325 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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 last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of Ambev by 19.0% during the second quarter. Loomis Sayles & Co. L P now owns 23,778,447 shares of the company’s stock valued at $59,684,000 after buying an additional 3,803,828 shares during the last quarter. Institutional investors and hedge funds own 8.75% of the company’s stock.

Ambev Stock Performance

NYSE:ABEV opened at $2.60 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 1.19. Ambev S.A. has a 52-week low of $2.42 and a 52-week high of $3.32. The firm has a market cap of $40.92 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.75 and a beta of 1.04. The business’s fifty day moving average is $2.82 and its 200 day moving average is $2.86.

Ambev (NYSE:ABEV – Get Rating) last announced its earnings results on Thursday, October 27th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.87 billion. Ambev had a return on equity of 15.69% and a net margin of 16.58%. Research analysts predict that Ambev S.A. will post 0.15 EPS for the current year.

Ambev Announces Dividend

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

Analyst Upgrades and Downgrades

ABEV has been the topic of several research analyst reports. TheStreet raised Ambev from a “c+” rating to a “b” rating in a research report on Friday, December 9th. UBS Group raised Ambev from a “sell” rating to a “buy” rating in a research report on Thursday, January 12th. Finally, StockNews.com initiated coverage on Ambev in a research report on Thursday, January 12th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

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.