RWC Asset Management LLP Purchases 552,220 Shares of Ambev S.A. (NYSE:ABEV)

RWC Asset Management LLP boosted its stake in Ambev S.A. (NYSE:ABEV - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,063,556 shares of the company's stock after purchasing an additional 552,220 shares during the period. RWC Asset Management LLP owned about 0.08% of Ambev worth $24,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ABEV. MCIA Inc bought a new stake in shares of Ambev during the third quarter worth about $25,000. Wealthstream Advisors Inc. acquired a new stake in Ambev during the 3rd quarter worth approximately $29,000. BSW Wealth Partners bought a new stake in Ambev during the 3rd quarter worth approximately $33,000. Insight Inv LLC acquired a new position in Ambev in the 4th quarter valued at approximately $25,000. Finally, Private Advisor Group LLC acquired a new position in Ambev in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 8.13% of the company's stock.

Analyst Upgrades and Downgrades

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

Ambev Stock Down 1.3 %

Shares of NYSE ABEV traded down $0.03 during midday trading on Monday, hitting $1.90. 21,036,262 shares of the stock traded hands, compared to its average volume of 40,127,305. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev S.A. has a one year low of $1.76 and a one year high of $2.72. The business has a 50 day moving average price of $1.87 and a two-hundred day moving average price of $2.14. The company has a market cap of $29.85 billion, a PE ratio of 10.53, a P/E/G ratio of 5.77 and a beta of 1.04.

Ambev Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.0414 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 1.93%. Ambev's dividend payout ratio (DPR) is presently 33.33%.

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.