Ninety One UK Ltd Has $5.72 Million Holdings in Ambev S.A. (NYSE:ABEV)

Ninety One UK Ltd lowered its holdings in Ambev S.A. (NYSE:ABEV - Free Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,091,484 shares of the company's stock after selling 233,743 shares during the period. Ninety One UK Ltd's holdings in Ambev were worth $5,719,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Prime Capital Investment Advisors LLC grew its stake in Ambev by 37.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company's stock worth $43,000 after buying an additional 4,861 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Ambev by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 18,324 shares of the company's stock worth $45,000 after acquiring an additional 4,984 shares in the last quarter. PDS Planning Inc increased its stake in Ambev by 18.4% in the third quarter. PDS Planning Inc now owns 34,870 shares of the company's stock valued at $85,000 after acquiring an additional 5,409 shares during the last quarter. Park Avenue Securities LLC raised its position in Ambev by 23.8% during the third quarter. Park Avenue Securities LLC now owns 28,787 shares of the company's stock valued at $70,000 after purchasing an additional 5,526 shares in the last quarter. Finally, Endowment Wealth Management Inc. raised its position in Ambev by 21.6% during the third quarter. Endowment Wealth Management Inc. now owns 31,525 shares of the company's stock valued at $77,000 after purchasing an additional 5,592 shares in the last quarter. Institutional investors own 8.13% of the company's stock.

Analysts Set New Price Targets

ABEV has been the topic of several recent analyst reports. StockNews.com started coverage on Ambev in a research note on Monday, January 27th. They issued a "buy" rating on the stock. Bank of America cut Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Citigroup reaffirmed a "neutral" rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Barclays dropped their price objective on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $2.45.

Ambev Trading Down 0.3 %

NYSE ABEV traded down $0.01 during trading hours on Friday, reaching $1.84. The company's stock had a trading volume of 47,938,742 shares, compared to its average volume of 43,931,848. The firm has a fifty day simple moving average of $1.94 and a 200-day simple moving average of $2.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.72. The stock has a market cap of $28.91 billion, a P/E ratio of 10.19, a P/E/G ratio of 5.56 and a beta of 1.04.

Ambev Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were paid 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 payout ratio is currently 38.89%.

Ambev Company 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.