Jane Street Group LLC Buys 1,127,719 Shares of Ambev S.A. (NYSE:ABEV)

Jane Street Group LLC boosted its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 132.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,976,147 shares of the company's stock after purchasing an additional 1,127,719 shares during the period. Jane Street Group LLC's holdings in Ambev were worth $4,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ABEV. Massachusetts Financial Services Co. MA raised its holdings in Ambev by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company's stock valued at $104,688,000 after acquiring an additional 226,238 shares during the period. Renaissance Technologies LLC raised its holdings in Ambev by 27.7% during the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company's stock valued at $69,973,000 after acquiring an additional 7,412,395 shares during the period. Seafarer Capital Partners LLC raised its holdings in Ambev by 6.3% during the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company's stock valued at $73,368,000 after acquiring an additional 1,770,000 shares during the period. Pzena Investment Management LLC raised its holdings in Ambev by 29.4% during the second quarter. Pzena Investment Management LLC now owns 18,385,312 shares of the company's stock valued at $37,690,000 after acquiring an additional 4,179,978 shares during the period. Finally, Brandes Investment Partners LP raised its holdings in Ambev by 23.9% during the second quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company's stock valued at $32,024,000 after acquiring an additional 2,982,621 shares during the period. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Price Performance

Shares of ABEV stock traded up $0.04 during trading hours on Tuesday, hitting $2.13. The stock had a trading volume of 35,940,681 shares, compared to its average volume of 19,794,787. Ambev S.A. has a one year low of $2.01 and a one year high of $3.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The stock's 50-day moving average price is $2.23 and its two-hundred day moving average price is $2.23. The stock has a market capitalization of $33.48 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0414 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a yield of 1.93%. Ambev's payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Ambev in a report on Friday, October 18th. They set a "buy" rating on the stock.

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.