Massachusetts Financial Services Co. MA Has $77.10 Million Holdings in Ambev S.A. (NYSE:ABEV)

Massachusetts Financial Services Co. MA reduced its position in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,678,006 shares of the company's stock after selling 1,226,887 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.26% of Ambev worth $77,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC grew its holdings in shares of Ambev by 51.9% in the 4th quarter. GQG Partners LLC now owns 196,676,003 shares of the company's stock worth $363,851,000 after acquiring an additional 67,180,274 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Ambev by 1,641.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 19,001,985 shares of the company's stock worth $35,154,000 after buying an additional 17,911,122 shares during the period. Brandywine Global Investment Management LLC lifted its stake in Ambev by 5.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 18,614,210 shares of the company's stock valued at $34,436,000 after buying an additional 880,763 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Ambev by 39.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company's stock worth $33,892,000 after buying an additional 5,283,746 shares during the period. Finally, Private Management Group Inc. boosted its holdings in shares of Ambev by 8.1% in the fourth quarter. Private Management Group Inc. now owns 14,512,234 shares of the company's stock worth $26,848,000 after buying an additional 1,083,882 shares during the period. 8.13% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms recently commented on ABEV. Morgan Stanley lowered shares of Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday. Barclays decreased their target price on Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Bank of America downgraded Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Citigroup reaffirmed a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, StockNews.com initiated coverage on shares of Ambev in a research report on Monday, January 27th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $2.45.

Ambev Stock Down 2.8 %

NYSE ABEV traded down $0.07 during trading on Thursday, reaching $2.24. The company's stock had a trading volume of 6,884,571 shares, compared to its average volume of 26,737,976. The business has a 50-day moving average price of $2.12 and a 200-day moving average price of $2.12. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.56. The stock has a market capitalization of $35.21 billion, a PE ratio of 12.42, a PEG ratio of 5.80 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $22.42 billion. On average, research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0221 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev's dividend payout ratio is 52.94%.

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.