Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Ambev S.A. (NYSE:ABEV) by 121.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,525 shares of the company’s stock after buying an additional 69,500 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Ambev were worth $695,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in ABEV. Wedbush Securities Inc. increased its stake in shares of Ambev 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 position in Ambev during the first quarter valued at approximately $121,000. FFT Wealth Management LLC boosted its position in Ambev 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 in the last quarter. Aureus Asset Management LLC boosted its position in Ambev 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 in the last quarter. Finally, Virtu Financial LLC boosted its position in Ambev 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 in the last quarter. 7.73% of the stock is currently owned by institutional investors.
Shares of Ambev S.A. (ABEV) opened at 6.12 on Thursday. Ambev S.A. has a one year low of $4.70 and a one year high of $6.39. The company has a market capitalization of $96.13 billion, a PE ratio of 25.19 and a beta of 0.66. The company has a 50-day moving average of $5.79 and a 200-day moving average of $5.69.
Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Ambev had a net margin of 27.14% and a return on equity of 23.24%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.33 billion. On average, analysts anticipate that Ambev S.A. will post $0.23 earnings per share for the current year.
The firm also recently declared 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 positive change 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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Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Ambev from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC restated a “hold” rating on shares of Ambev in a report on Sunday, July 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. 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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