Envestnet Portfolio Solutions Inc. Increases Stock Position in Ambev S.A. $ABEV

Envestnet Portfolio Solutions Inc. lifted its stake in Ambev S.A. (NYSE:ABEV) by 54.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,905 shares of the company’s stock after purchasing an additional 12,268 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Ambev were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. raised its position in Ambev by 105.8% in the 1st 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 during the last quarter. Private Management Group Inc. grew its stake in shares of Ambev by 6.4% during the 1st quarter. Private Management Group Inc. now owns 15,439,216 shares of the company’s stock valued at $35,973,000 after purchasing an additional 926,982 shares during the period. Northern Trust Corp grew its stake in shares of Ambev by 17.8% during the 1st quarter. Northern Trust Corp now owns 7,757,412 shares of the company’s stock valued at $18,075,000 after purchasing an additional 1,170,397 shares during the period. Walleye Capital LLC grew its stake in shares of Ambev by 538.4% during the 1st quarter. Walleye Capital LLC now owns 5,242,702 shares of the company’s stock valued at $12,215,000 after purchasing an additional 4,421,534 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Ambev by 13.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,000,107 shares of the company’s stock valued at $11,650,000 after purchasing an additional 582,153 shares during the period. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

ABEV stock opened at $2.19 on Friday. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.20 and a beta of 0.85. 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 twelve month low of $1.76 and a twelve month high of $2.63. The business’s fifty day simple moving average is $2.23 and its two-hundred day simple moving average is $2.34.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $21.84 billion. Analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, October 14th. Shareholders of record on Monday, August 11th were issued a $0.023 dividend. This is a boost from Ambev’s previous — dividend of $0.02. This represents a yield of 660.0%. The ex-dividend date of this dividend was Monday, August 11th. Ambev’s dividend payout ratio is 31.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ABEV shares. Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a research note on Wednesday, October 8th. UBS Group cut their price target on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Hsbc Global Res upgraded Ambev to a “hold” rating in a research note on Friday, August 1st. Zacks Research upgraded Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, HSBC reiterated a “hold” rating on shares of Ambev in a research note on Friday, August 1st. Eight research 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.com, the company presently has an average rating of “Reduce” and an average 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.