Parallel Advisors LLC Buys 15,189 Shares of Ambev S.A. $ABEV

Parallel Advisors LLC boosted its stake in shares of Ambev S.A. (NYSE:ABEV) by 66.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,203 shares of the company’s stock after buying an additional 15,189 shares during the quarter. Parallel Advisors LLC’s holdings in Ambev were worth $92,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABEV. Tidal Investments LLC bought a new stake in Ambev during the 4th quarter valued at about $658,000. Mackenzie Financial Corp bought a new stake in Ambev during the 4th quarter valued at about $801,000. Jefferies Financial Group Inc. bought a new stake in Ambev during the 4th quarter valued at about $99,000. Wealthedge Investment Advisors LLC bought a new stake in Ambev during the 4th quarter valued at about $751,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Ambev by 23.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 296,347 shares of the company’s stock valued at $548,000 after buying an additional 55,606 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Down 1.5%

Shares of Ambev stock opened at $2.29 on Thursday. The firm’s 50 day moving average price is $2.26 and its 200-day moving average price is $2.36. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.63. The company has a market cap of $36.01 billion, a P/E ratio of 14.28, a PEG ratio of 2.40 and a beta of 0.84.

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

Ambev Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th will be given a $0.023 dividend. This represents a dividend yield of 660.0%. The ex-dividend date of this dividend is Monday, August 11th. This is an increase from Ambev’s previous — dividend of $0.02. Ambev’s payout ratio is presently 25.00%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Hsbc Global Res raised shares of Ambev to a “hold” rating in a research report on Friday, August 1st. UBS Group cut their target price on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Finally, HSBC reissued a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $2.35.

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.