Ambev S.A. $ABEV Shares Acquired by Signaturefd LLC

Signaturefd LLC boosted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 63.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,712 shares of the company’s stock after purchasing an additional 4,924 shares during the period. Signaturefd LLC’s holdings in Ambev were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ABEV. Wealth Enhancement Advisory Services LLC lifted its stake in Ambev by 23.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 296,347 shares of the company’s stock valued at $548,000 after purchasing an additional 55,606 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Ambev by 468.4% in the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock valued at $26,000 after acquiring an additional 9,063 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Ambev by 5.8% in the 1st quarter. Rhumbline Advisers now owns 401,922 shares of the company’s stock valued at $936,000 after acquiring an additional 21,915 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Ambev in the 1st quarter valued at approximately $126,000. Finally, CHICAGO TRUST Co NA lifted its position in shares of Ambev by 50.1% in the 1st quarter. CHICAGO TRUST Co NA now owns 109,997 shares of the company’s stock valued at $256,000 after acquiring an additional 36,736 shares in the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Trading Down 1.1%

Shares of NYSE:ABEV opened at $2.16 on Wednesday. The firm has a fifty day moving average of $2.24 and a two-hundred day moving average of $2.35. The firm has a market capitalization of $33.96 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 2.26 and a beta of 0.85. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.63. 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 (NYSE:ABEV) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $21.84 billion. On average, equities analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be paid 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 a boost from Ambev’s previous — dividend of $0.02. Ambev’s dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ABEV. Hsbc Global Res upgraded shares of Ambev to a “hold” rating in a research report on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a research report on Saturday, September 27th. HSBC restated a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, UBS Group reduced their price target on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ambev currently has a consensus rating of “Reduce” and a consensus target price of $2.35.

About Ambev

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.