Daiwa Securities Group Inc. boosted its position in shares of Ambev SA (NYSE:ABEV) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 389,900 shares of the company’s stock after buying an additional 16,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Ambev SA were worth $2,140,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Wedbush Securities Inc. increased its stake in shares of Ambev SA by 2.2% in the first quarter. Wedbush Securities Inc. now owns 17,365 shares of the company’s stock valued at $100,000 after buying an additional 369 shares during the period. King Luther Capital Management Corp bought a new stake in shares of Ambev SA during the first quarter valued at approximately $121,000. FFT Wealth Management LLC increased its stake in shares of Ambev SA by 84.7% in the first quarter. FFT Wealth Management LLC now owns 23,489 shares of the company’s stock valued at $135,000 after buying an additional 10,771 shares during the period. Aureus Asset Management LLC increased its stake in shares of Ambev SA by 21.8% in the first quarter. Aureus Asset Management LLC now owns 22,470 shares of the company’s stock valued at $138,000 after buying an additional 4,015 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of Ambev SA by 38.5% in the second quarter. Virtu Financial LLC now owns 28,800 shares of the company’s stock valued at $158,000 after buying an additional 8,000 shares during the period. Institutional investors and hedge funds own 7.50% of the company’s stock.
Ambev SA (NYSE ABEV) traded up 0.65% during mid-day trading on Friday, hitting $6.23. 15,536,565 shares of the stock were exchanged. The company has a market capitalization of $97.86 billion, a PE ratio of 25.85 and a beta of 0.66. The stock has a 50 day moving average price of $5.93 and a 200 day moving average price of $5.72. Ambev SA has a 1-year low of $4.70 and a 1-year high of $6.39.
Ambev SA (NYSE:ABEV) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev SA had a return on equity of 23.24% and a net margin of 27.14%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.33 billion. On average, equities analysts anticipate that Ambev SA will post $0.23 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which was paid on Monday, July 24th. Stockholders of record on Wednesday, June 28th were given a dividend of $0.0493 per share. This is a positive change from Ambev SA’s previous special dividend of $0.03. The ex-dividend date of this dividend was Monday, June 26th. Ambev SA’s dividend payout ratio is presently 50.00%.
Several analysts have commented on the stock. Barclays PLC restated a “hold” rating on shares of Ambev SA in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Ambev SA from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.10.
About Ambev SA
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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