Ambev S.A. (ABEV) Shares Bought by Wrapmanager Inc.
Wrapmanager Inc. increased its position in shares of Ambev S.A. (NYSE:ABEV) by 12.4% during the second quarter, Holdings Channel reports. The firm owned 67,425 shares of the company’s stock after buying an additional 7,425 shares during the period. Wrapmanager Inc.’s holdings in Ambev were worth $370,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Wedbush Securities Inc. raised 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 worth $100,000 after buying an additional 369 shares during the period. King Luther Capital Management Corp purchased a new position in Ambev during the first quarter worth approximately $121,000. FFT Wealth Management LLC increased 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 worth $135,000 after buying an additional 10,771 shares in the last quarter. Aureus Asset Management LLC increased 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 worth $138,000 after buying an additional 4,015 shares in the last quarter. Finally, Virtu Financial LLC increased its position in Ambev by 38.5% in the second quarter. Virtu Financial LLC now owns 28,800 shares of the company’s stock worth $158,000 after buying an additional 8,000 shares in the last quarter. 7.50% of the stock is owned by institutional investors and hedge funds.
Shares of Ambev S.A. (NYSE ABEV) opened at 6.12 on Tuesday. The firm has a 50-day moving average price of $5.85 and a 200 day moving average price of $5.70. Ambev S.A. has a one year low of $4.70 and a one year high of $6.39. The firm has a market cap of $96.13 billion, a P/E ratio of 25.19 and a beta of 0.66.
Ambev (NYSE:ABEV) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 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 business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.33 billion. On average, analysts forecast that Ambev S.A. will post $0.23 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Monday, July 24th. Stockholders of record on Wednesday, June 28th were issued a $0.0493 dividend. The ex-dividend date was Monday, June 26th. This is an increase from Ambev’s previous special dividend of $0.03. Ambev’s dividend payout ratio is presently 50.00%.
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ABEV has been the subject of a number of analyst reports. Zacks Investment Research downgraded Ambev from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC reiterated a “hold” rating on shares of Ambev in a research note on Sunday, July 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.16.
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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