Whittier Trust Co. continued to hold its position in shares of Ambev SA (NYSE:ABEV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,902 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Ambev SA were worth $290,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. Wedbush Securities Inc. raised its position 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 worth $100,000 after buying an additional 369 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Ambev SA by 11.6% in the first quarter. Integrated Investment Consultants LLC now owns 18,252 shares of the company’s stock worth $105,000 after buying an additional 1,895 shares during the period. King Luther Capital Management Corp bought a new stake in shares of Ambev SA during the first quarter worth approximately $121,000. RMB Capital Management LLC bought a new stake in shares of Ambev SA during the fourth quarter worth approximately $108,000. Finally, 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 worth $138,000 after buying an additional 4,015 shares during the period. 7.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Ambev SA (ABEV) traded up 0.65% during midday trading on Friday, hitting $6.23. The stock had a trading volume of 15,536,565 shares. Ambev SA has a 52 week low of $4.70 and a 52 week high of $6.39. The stock has a market cap of $97.86 billion, a PE ratio of 25.85 and a beta of 0.66. The stock has a 50-day moving average of $5.93 and a 200 day moving average of $5.72.
Ambev SA (NYSE:ABEV) last released its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev SA had a net margin of 27.14% and a return on equity of 23.24%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.33 billion. Analysts anticipate that Ambev SA will post $0.23 EPS 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 issued a dividend of $0.0493 per share. The ex-dividend date of this dividend was Monday, June 26th. This is a positive change from Ambev SA’s previous special dividend of $0.03. Ambev SA’s payout ratio is currently 50.00%.
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A number of equities research analysts have recently commented on ABEV shares. Zacks Investment Research upgraded Ambev SA from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Barclays PLC reiterated a “hold” rating on shares of Ambev SA in a research report on Sunday, July 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $6.10.
Ambev SA 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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