LPL Financial LLC Has $2.04 Million Position in Ambev S.A. $ABEV

LPL Financial LLC lifted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 8.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 874,548 shares of the company’s stock after purchasing an additional 66,344 shares during the period. LPL Financial LLC’s holdings in Ambev were worth $2,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Ambev by 468.4% during the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock worth $26,000 after acquiring an additional 9,063 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Ambev during the first quarter worth approximately $27,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Ambev during the first quarter valued at approximately $28,000. M&T Bank Corp acquired a new stake in shares of Ambev in the first quarter valued at approximately $30,000. Finally, Xponance Inc. acquired a new stake in shares of Ambev in the first quarter valued at approximately $38,000. 8.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on ABEV shares. Wall Street Zen began coverage on Ambev in a report on Wednesday, April 23rd. They set a “buy” rating on the stock. Barclays raised their price target on Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a report on Monday, May 12th. Hsbc Global Res upgraded Ambev to a “hold” rating in a research report on Friday, August 1st. UBS Group upped their target price on shares of Ambev from $2.60 to $2.70 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Finally, HSBC reiterated a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $2.60.

Ambev Stock Performance

Shares of Ambev stock opened at $2.1650 on Wednesday. The stock’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $2.30. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $34.12 billion, a PE ratio of 13.53, a PEG ratio of 2.39 and a beta of 0.74. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.63.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Ambev had a return on equity of 15.39% and a net margin of 16.18%.The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $21.84 billion. On average, research analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be issued a dividend of $0.023 per share. The ex-dividend date is Monday, August 11th. This is a positive change from Ambev’s previous — dividend of $0.02. This represents a dividend yield of 660.0%. Ambev’s dividend payout ratio (DPR) is 31.25%.

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.