Raymond James & Associates Sells 7,541 Shares of Ambev S.A. (NYSE:ABEV)

Raymond James & Associates lessened its stake in Ambev S.A. (NYSE:ABEVGet Rating) by 0.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,073,647 shares of the company’s stock after selling 7,541 shares during the period. Raymond James & Associates’ holdings in Ambev were worth $3,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ABEV. Bank of New York Mellon Corp lifted its stake in shares of Ambev by 7.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,788,023 shares of the company’s stock valued at $12,235,000 after purchasing an additional 264,696 shares during the period. American Century Companies Inc. lifted its stake in shares of Ambev by 38.7% in the 1st quarter. American Century Companies Inc. now owns 503,973 shares of the company’s stock valued at $1,628,000 after purchasing an additional 140,617 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Ambev by 35.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,172 shares of the company’s stock valued at $114,000 after purchasing an additional 9,168 shares during the period. HighTower Advisors LLC lifted its stake in shares of Ambev by 3.9% in the 1st quarter. HighTower Advisors LLC now owns 131,259 shares of the company’s stock valued at $424,000 after purchasing an additional 4,984 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Ambev by 57.3% in the 1st quarter. Citigroup Inc. now owns 776,773 shares of the company’s stock valued at $2,509,000 after purchasing an additional 283,056 shares during the period. Institutional investors own 8.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABEV. StockNews.com assumed coverage on Ambev in a research note on Thursday, January 12th. They issued a “buy” rating on the stock. TheStreet raised Ambev from a “c+” rating to a “b” rating in a research note on Friday, December 9th. Finally, UBS Group raised Ambev from a “sell” rating to a “buy” rating in a research note on Thursday, January 12th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Ambev currently has a consensus rating of “Buy”.

Ambev Stock Performance

Shares of Ambev stock opened at $2.60 on Friday. The company has a market cap of $40.92 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. Ambev S.A. has a 52 week low of $2.42 and a 52 week high of $3.32. The business has a 50 day moving average price of $2.82 and a 200-day moving average price of $2.86. The company has a quick ratio of 0.83, a current ratio of 1.19 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEVGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. Ambev had a return on equity of 15.69% and a net margin of 16.58%. Equities analysts anticipate that Ambev S.A. will post 0.15 earnings per share for the current fiscal year.

Ambev Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, January 9th. Stockholders of record on Wednesday, December 21st were issued a $0.1457 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Tuesday, December 20th. Ambev’s dividend payout ratio is presently 75.00%.

Ambev Company Profile

(Get Rating)

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.

See Also

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Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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