Ballentine Partners LLC Has $178,000 Holdings in Ambev S.A. $ABEV

Ballentine Partners LLC lifted its stake in shares of Ambev S.A. (NYSE:ABEV) by 105.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,900 shares of the company’s stock after buying an additional 37,847 shares during the period. Ballentine Partners LLC’s holdings in Ambev were worth $178,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of Ambev by 105.8% during the first quarter. Russell Investments Group Ltd. now owns 16,170,388 shares of the company’s stock worth $37,677,000 after buying an additional 8,312,561 shares in the last quarter. Private Management Group Inc. increased its holdings in shares of Ambev by 6.4% during the first quarter. Private Management Group Inc. now owns 15,439,216 shares of the company’s stock worth $35,973,000 after buying an additional 926,982 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Ambev by 17.8% during the first quarter. Northern Trust Corp now owns 7,757,412 shares of the company’s stock worth $18,075,000 after buying an additional 1,170,397 shares in the last quarter. Walleye Capital LLC increased its holdings in shares of Ambev by 538.4% during the first quarter. Walleye Capital LLC now owns 5,242,702 shares of the company’s stock worth $12,215,000 after buying an additional 4,421,534 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Ambev by 13.2% during the first quarter. Goldman Sachs Group Inc. now owns 5,000,107 shares of the company’s stock worth $11,650,000 after buying an additional 582,153 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. HSBC restated a “hold” rating on shares of Ambev in a report on Friday, August 1st. Hsbc Global Res upgraded Ambev to a “hold” rating in a report on Friday, August 1st. Finally, UBS Group decreased their price objective on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ambev presently has an average rating of “Reduce” and an average target price of $2.35.

Ambev Stock Performance

Shares of ABEV opened at $2.22 on Wednesday. The stock has a market capitalization of $34.98 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 2.37 and a beta of 0.84. The firm’s fifty day simple moving average is $2.26 and its two-hundred day simple moving average is $2.36. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.63.

Ambev (NYSE:ABEV) last released 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. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $21.84 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. As a group, 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. Stockholders of record on Monday, August 11th will be given a dividend of $0.023 per share. This is a boost from Ambev’s previous — dividend of $0.02. The ex-dividend date of this dividend is Monday, August 11th. This represents a dividend yield of 660.0%. Ambev’s payout ratio is currently 25.00%.

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.