Geode Capital Management LLC Has $1.01 Million Stock Holdings in Ambev S.A. (NYSE:ABEV)

Geode Capital Management LLC cut its position in shares of Ambev S.A. (NYSE:ABEV) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 414,123 shares of the company’s stock after selling 60,313 shares during the period. Geode Capital Management LLC’s holdings in Ambev were worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ABEV. Prime Capital Investment Advisors LLC boosted its holdings in shares of Ambev by 37.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after buying an additional 4,861 shares during the period. National Bank of Canada FI boosted its holdings in shares of Ambev by 25.0% during the 2nd quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock worth $50,000 after buying an additional 4,900 shares during the period. UMB Bank n.a. boosted its holdings in shares of Ambev by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after buying an additional 4,984 shares during the period. PDS Planning Inc boosted its holdings in shares of Ambev by 18.4% during the 3rd quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock worth $85,000 after buying an additional 5,409 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in shares of Ambev by 23.8% during the 3rd quarter. Park Avenue Securities LLC now owns 28,787 shares of the company’s stock worth $70,000 after buying an additional 5,526 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Stock Performance

NYSE ABEV opened at $1.79 on Friday. 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 has a market capitalization of $28.12 billion, a P/E ratio of 9.92, a P/E/G ratio of 6.67 and a beta of 1.05. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.82. The firm has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $2.20.

Ambev Cuts Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Ambev in a report on Saturday. They set a “buy” rating for the company.

Ambev Company 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.