State of New Jersey Common Pension Fund D held its position in Ambev S.A. (NYSE:ABEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,732,900 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Ambev were worth $20,494,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Cambiar Investors LLC raised its position in Ambev by 3.6% in the second quarter. Cambiar Investors LLC now owns 20,581,223 shares of the company’s stock worth $112,991,000 after buying an additional 723,915 shares during the period. Bbva Compass Bancshares Inc. raised its position in Ambev by 17.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 272,981 shares of the company’s stock worth $1,498,000 after buying an additional 40,600 shares during the period. Great West Life Assurance Co. Can raised its position in Ambev by 65.3% in the second quarter. Great West Life Assurance Co. Can now owns 122,836 shares of the company’s stock worth $673,000 after buying an additional 48,520 shares during the period. Janney Montgomery Scott LLC raised its position in Ambev by 10.7% in the second quarter. Janney Montgomery Scott LLC now owns 237,260 shares of the company’s stock worth $1,303,000 after buying an additional 22,861 shares during the period. Finally, Flossbach Von Storch AG raised its position in Ambev by 5.3% in the second quarter. Flossbach Von Storch AG now owns 500,000 shares of the company’s stock worth $2,745,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 7.50% of the company’s stock.
Shares of Ambev S.A. (NYSE:ABEV) traded up 0.65% during midday trading on Friday, reaching $6.23. The company’s stock had a trading volume of 15,536,565 shares. The company has a market cap of $97.86 billion, a price-to-earnings ratio of 25.64 and a beta of 0.66. The stock has a 50-day moving average of $5.91 and a 200 day moving average of $5.72. Ambev S.A. has a 12 month low of $4.70 and a 12 month high of $6.39.
Ambev (NYSE:ABEV) last posted its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a return on equity of 23.24% and a net margin of 27.14%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.33 billion. On average, analysts predict that Ambev S.A. will post $0.23 earnings per share for the current fiscal year.
The firm also recently announced a special dividend, which was paid on Monday, July 24th. Shareholders of record on Wednesday, June 28th were paid a $0.0493 dividend. This is a boost from Ambev’s previous special dividend of $0.03. The ex-dividend date of this dividend was Monday, June 26th. Ambev’s payout ratio is presently 50.00%.
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ABEV has been the subject of a number of research reports. Zacks Investment Research upgraded Ambev from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Barclays PLC restated a “hold” rating on shares of Ambev in a research report on Sunday, July 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ambev currently has a consensus rating of “Hold” and an average target price of $6.16.
Ambev Company Profile
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.
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