Ninety One UK Ltd Has $3.16 Million Stock Holdings in Ambev S.A. $ABEV

Ninety One UK Ltd lowered its position in shares of Ambev S.A. (NYSE:ABEV) by 49.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,417,785 shares of the company’s stock after selling 1,381,611 shares during the quarter. Ninety One UK Ltd’s holdings in Ambev were worth $3,162,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ABEV. Eldred Rock Partners LLC grew its position in shares of Ambev by 11.6% during the 3rd quarter. Eldred Rock Partners LLC now owns 3,962,046 shares of the company’s stock worth $8,926,000 after purchasing an additional 412,189 shares in the last quarter. Merit Financial Group LLC lifted its position in Ambev by 16.2% during the third quarter. Merit Financial Group LLC now owns 70,745 shares of the company’s stock worth $158,000 after purchasing an additional 9,846 shares during the period. Ethic Inc. grew its stake in Ambev by 6.1% during the third quarter. Ethic Inc. now owns 690,310 shares of the company’s stock worth $1,539,000 after buying an additional 39,734 shares in the last quarter. Archford Capital Strategies LLC acquired a new stake in shares of Ambev during the 3rd quarter worth approximately $2,081,000. Finally, Blue Trust Inc. raised its position in Ambev by 14.7% during the third quarter. Blue Trust Inc. now owns 196,934 shares of the company’s stock valued at $439,000 after purchasing an additional 25,310 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Down 0.8%

Shares of NYSE ABEV opened at $2.46 on Friday. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.63. The company’s 50 day moving average price is $2.45 and its 200-day moving average price is $2.34. The company has a market capitalization of $38.76 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.86 and a current ratio of 1.15.

Ambev (NYSE:ABEV) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a net margin of 17.90% and a return on equity of 15.81%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.97 billion. Equities analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Announces Dividend

The firm also recently declared a special dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 22nd will be given a $0.049 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a dividend yield of 1,465.0%. Ambev’s payout ratio is 188.89%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ABEV. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a report on Monday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $2.88 price objective on shares of Ambev in a report on Wednesday, November 26th. Finally, Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $2.53.

About Ambev

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.