Morningstar Investment Services LLC Purchases 17,374 Shares of Ambev S.A. (ABEV)
Morningstar Investment Services LLC boosted its stake in Ambev S.A. (NYSE:ABEV) by 24.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 88,795 shares of the company’s stock after buying an additional 17,374 shares during the period. Morningstar Investment Services LLC’s holdings in Ambev were worth $487,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Wrapmanager Inc. boosted its stake in shares of Ambev by 12.4% in the second quarter. Wrapmanager Inc. now owns 67,425 shares of the company’s stock valued at $370,000 after buying an additional 7,425 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Ambev by 84.4% in the second quarter. Advisors Asset Management Inc. now owns 209,785 shares of the company’s stock valued at $1,152,000 after buying an additional 96,002 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Ambev by 8.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 62,000 shares of the company’s stock valued at $339,000 after buying an additional 5,000 shares during the period. Mondrian Investment Partners LTD boosted its stake in shares of Ambev by 9.8% in the second quarter. Mondrian Investment Partners LTD now owns 31,056,100 shares of the company’s stock valued at $170,498,000 after buying an additional 2,774,000 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Ambev by 1,915.2% in the second quarter. First Trust Advisors LP now owns 299,079 shares of the company’s stock valued at $1,642,000 after buying an additional 284,238 shares during the period. 7.50% of the stock is currently owned by institutional investors and hedge funds.
Ambev S.A. (NYSE:ABEV) opened at 6.12 on Tuesday. Ambev S.A. has a 52-week low of $4.70 and a 52-week high of $6.39. The company has a market cap of $96.13 billion, a P/E ratio of 25.19 and a beta of 0.66. The stock’s 50 day moving average price is $5.85 and its 200 day moving average price is $5.70.
Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. Ambev had a return on equity of 23.24% and a net margin of 27.14%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.33 billion. Analysts expect that Ambev S.A. will post $0.23 earnings per share for the current year.
The business also recently disclosed a special dividend, which was paid on Monday, July 24th. Investors of record on Wednesday, June 28th were given a dividend of $0.0493 per share. This is an increase from Ambev’s previous special dividend of $0.03. The ex-dividend date of this dividend was Monday, June 26th. Ambev’s dividend payout ratio (DPR) is presently 50.00%.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Ambev from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC reissued a “hold” rating on shares of Ambev in a research report on Sunday, July 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus 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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