Ambev S.A. (ABEV) Shares Bought by Bluestein R H & Co.
Bluestein R H & Co. increased its position in shares of Ambev S.A. (NYSE:ABEV) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,747 shares of the company’s stock after buying an additional 747 shares during the period. Bluestein R H & Co.’s holdings in Ambev were worth $347,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in shares of Ambev by 14.5% in the third quarter. BlackRock Fund Advisors now owns 11,722,970 shares of the company’s stock worth $71,393,000 after buying an additional 1,483,858 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Ambev by 16.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 4,137,387 shares of the company’s stock valued at $25,197,000 after buying an additional 573,865 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Ambev by 20.1% in the third quarter. BNP Paribas Arbitrage SA now owns 847,150 shares of the company’s stock valued at $5,159,000 after buying an additional 141,985 shares during the last quarter. Harding Loevner LP raised its stake in Ambev by 7.2% in the third quarter. Harding Loevner LP now owns 21,890,156 shares of the company’s stock valued at $133,311,000 after buying an additional 1,479,335 shares during the last quarter. Finally, Aperio Group LLC raised its stake in Ambev by 3.2% in the third quarter. Aperio Group LLC now owns 923,790 shares of the company’s stock valued at $5,626,000 after buying an additional 28,411 shares during the last quarter. 7.33% of the stock is currently owned by hedge funds and other institutional investors.
Ambev S.A. (NYSE:ABEV) traded down 0.51% during midday trading on Thursday, reaching $5.81. 15,434,103 shares of the company’s stock traded hands. The company has a market capitalization of $91.21 billion, a PE ratio of 23.91 and a beta of 0.72. The firm’s 50 day moving average price is $5.32 and its 200-day moving average price is $5.60. Ambev S.A. has a 1-year low of $4.33 and a 1-year high of $6.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Thursday, January 26th will be given a dividend of $0.0213 per share. This represents a $0.09 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, January 24th.
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Several equities research analysts have commented on ABEV shares. TheStreet raised shares of Ambev from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Barclays PLC started coverage on shares of Ambev in a report on Thursday, November 3rd. They issued an “equal weight” rating and a $6.00 price target on the stock. J P Morgan Chase & Co raised shares of Ambev from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a report on Thursday, November 10th. Finally, Zacks Investment Research lowered shares of Ambev from a “hold” rating to a “sell” rating in a report on Tuesday, November 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $6.21.
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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