150,000 Shares in Ambev S.A. $ABEV Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH acquired a new position in Ambev S.A. (NYSE:ABEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 150,000 shares of the company’s stock, valued at approximately $362,000.

Other large investors also recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC purchased a new stake in Ambev in the 2nd quarter worth about $25,000. Integrated Wealth Concepts LLC purchased a new position in Ambev during the 1st quarter valued at about $26,000. Perigon Wealth Management LLC purchased a new position in Ambev during the 1st quarter valued at about $27,000. U.S. Capital Wealth Advisors LLC purchased a new position in Ambev during the 1st quarter valued at about $28,000. Finally, Signaturefd LLC grew its holdings in Ambev by 63.2% during the 2nd quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock valued at $31,000 after buying an additional 4,924 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ABEV. UBS Group reduced their target price on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Zacks Research raised Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. HSBC reaffirmed a “hold” rating on shares of Ambev in a report on Friday, August 1st. Hsbc Global Res raised Ambev to a “hold” rating in a report on Friday, August 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ambev currently has a consensus rating of “Reduce” and an average price target of $2.35.

Ambev Stock Performance

Shares of ABEV opened at $2.21 on Wednesday. The stock has a 50-day moving average price of $2.23 and a 200-day moving average price of $2.34. The company has a market cap of $34.75 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 2.23 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 current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, July 31st. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $21.84 billion. Ambev had a return on equity of 15.39% and a net margin of 16.18%. As a group, equities analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Increases Dividend

The company also recently announced a — dividend, which was paid on Tuesday, October 14th. Investors of record on Monday, August 11th were given a $0.023 dividend. This represents a yield of 660.0%. The ex-dividend date was Monday, August 11th. This is a positive change from Ambev’s previous — dividend of $0.02. Ambev’s dividend payout ratio is presently 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.