Ambev SA (ABEV) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd increased its holdings in Ambev SA (NYSE:ABEV) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,959 shares of the company’s stock after purchasing an additional 17,050 shares during the period. AMP Capital Investors Ltd’s holdings in Ambev were worth $1,707,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ABEV. Artisan Partners Limited Partnership grew its stake in Ambev by 275.2% during the second quarter. Artisan Partners Limited Partnership now owns 31,901,018 shares of the company’s stock worth $175,137,000 after buying an additional 23,398,802 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Ambev by 17.3% during the second quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock worth $472,786,000 after buying an additional 12,723,137 shares during the last quarter. AKO Capital LLP bought a new stake in Ambev during the third quarter worth about $1,023,000. Renaissance Technologies LLC grew its stake in Ambev by 398.8% during the second quarter. Renaissance Technologies LLC now owns 5,532,700 shares of the company’s stock worth $30,375,000 after buying an additional 4,423,500 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Ambev during the second quarter worth about $17,819,000. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

Ambev SA (NYSE:ABEV) traded up $0.16 on Thursday, reaching $6.77. 11,530,752 shares of the company’s stock traded hands, compared to its average volume of 11,782,044. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $103,420.00, a price-to-earnings ratio of 37.06 and a beta of 0.71. Ambev SA has a 12 month low of $5.18 and a 12 month high of $7.03.

The company also recently announced a special dividend, which will be paid on Monday, March 5th. Shareholders of record on Friday, February 2nd will be issued a $0.0215 dividend. The ex-dividend date of this dividend is Thursday, February 1st.

Several research firms have recently commented on ABEV. Zacks Investment Research cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Evercore ISI set a $9.00 price target on shares of Ambev and gave the company a “buy” rating in a research note on Sunday, October 15th. TheStreet cut shares of Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. BidaskClub cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Barclays restated an “equal weight” rating on shares of Ambev in a report on Saturday, October 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.83.

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About Ambev

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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