Ambev S.A. (NYSE:ABEV) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in Ambev S.A. (NYSE:ABEV - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,519,980 shares of the company's stock after acquiring an additional 5,283,746 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Ambev worth $33,892,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ABEV. Sanctuary Advisors LLC acquired a new position in shares of Ambev in the second quarter worth about $225,000. SG Americas Securities LLC increased its holdings in Ambev by 546.9% in the third quarter. SG Americas Securities LLC now owns 69,383 shares of the company's stock valued at $169,000 after buying an additional 58,657 shares during the last quarter. Creative Planning increased its holdings in Ambev by 15.5% in the third quarter. Creative Planning now owns 299,592 shares of the company's stock valued at $731,000 after buying an additional 40,257 shares during the last quarter. Bfsg LLC increased its holdings in Ambev by 70.5% in the third quarter. Bfsg LLC now owns 112,000 shares of the company's stock valued at $273,000 after buying an additional 46,300 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in Ambev in the third quarter valued at about $64,000. Institutional investors and hedge funds own 8.13% of the company's stock.

Ambev Stock Performance

Shares of NYSE:ABEV traded up $0.02 during trading on Tuesday, hitting $1.92. 6,548,889 shares of the company traded hands, compared to its average volume of 43,107,422. The stock has a market capitalization of $30.17 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 5.56 and a beta of 1.04. The business's fifty day moving average is $1.89 and its 200-day moving average is $2.15. Ambev S.A. has a one year low of $1.76 and a one year high of $2.72. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Ambev Cuts Dividend

The business also recently announced an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.0414 per share. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, December 23rd. Ambev's dividend payout ratio (DPR) is presently 38.89%.

Analyst Ratings Changes

Several brokerages recently weighed in on ABEV. StockNews.com began coverage on Ambev in a report on Monday, January 27th. They issued a "buy" rating for the company. Bank of America lowered Ambev from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Citigroup reissued a "neutral" rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Barclays lowered their price objective on Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $2.45.

Ambev Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.