Ambev S.A. (ABEV) Position Increased by US Bancorp DE

US Bancorp DE boosted its position in Ambev S.A. (NYSE:ABEV) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,484 shares of the company’s stock after buying an additional 10,165 shares during the period. US Bancorp DE’s holdings in Ambev were worth $2,380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. increased its position in Ambev by 15.1% in the second quarter. Sit Investment Associates Inc. now owns 30,725 shares of the company’s stock valued at $169,000 after buying an additional 4,025 shares during the last quarter. Aperio Group LLC increased its position in Ambev by 6.7% in the second quarter. Aperio Group LLC now owns 547,533 shares of the company’s stock valued at $3,006,000 after buying an additional 34,503 shares during the last quarter. Diversified Trust Co increased its position in Ambev by 19.7% in the second quarter. Diversified Trust Co now owns 285,052 shares of the company’s stock valued at $1,565,000 after buying an additional 46,903 shares during the last quarter. Eqis Capital Management Inc. increased its position in Ambev by 7.4% in the second quarter. Eqis Capital Management Inc. now owns 97,495 shares of the company’s stock valued at $535,000 after buying an additional 6,715 shares during 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 valued at $158,000 after buying an additional 8,000 shares during the last quarter. 7.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Ambev S.A. (NYSE:ABEV) traded up 0.65% during mid-day trading on Friday, reaching $6.23. 15,536,565 shares of the company’s stock traded hands. Ambev S.A. has a 12 month low of $4.70 and a 12 month high of $6.39. The firm has a 50 day moving average price of $5.93 and a 200-day moving average price of $5.72. The stock has a market cap of $97.86 billion, a PE ratio of 25.85 and a beta of 0.66.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, July 27th. The company reported $0.04 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 predict that Ambev S.A. will post $0.23 earnings per share for the current fiscal year.

The company also recently announced a special dividend, which was paid on Monday, July 24th. Shareholders of record on Wednesday, June 28th were issued a $0.0493 dividend. This is a positive change from Ambev’s previous special dividend of $0.03. The ex-dividend date was Monday, June 26th. Ambev’s dividend payout ratio (DPR) is currently 50.00%.

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A number of research firms recently weighed in on ABEV. Zacks Investment Research raised shares of Ambev from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Barclays PLC reissued a “hold” rating on shares of Ambev in a research note on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $6.10.

About Ambev

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.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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