State Street Corp Boosts Stock Holdings in Ambev S.A. (NYSE:ABEV)

State Street Corp grew its position in Ambev S.A. (NYSE:ABEV - Free Report) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,425,374 shares of the company's stock after purchasing an additional 878,900 shares during the quarter. State Street Corp owned about 0.07% of Ambev worth $25,438,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Raymond James & Associates raised its position in shares of Ambev by 154.0% in the 2nd quarter. Raymond James & Associates now owns 1,805,328 shares of the company's stock valued at $3,701,000 after purchasing an additional 1,094,629 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Ambev by 32.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 1,067,893 shares of the company's stock valued at $2,606,000 after purchasing an additional 258,875 shares during the last quarter. Seafarer Capital Partners LLC grew its position in Ambev by 6.3% during the 3rd quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company's stock worth $73,368,000 after purchasing an additional 1,770,000 shares during the period. Stifel Financial Corp raised its stake in shares of Ambev by 298.1% during the 3rd quarter. Stifel Financial Corp now owns 802,016 shares of the company's stock valued at $1,957,000 after buying an additional 600,545 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of Ambev by 23.9% in the 2nd quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company's stock valued at $32,024,000 after buying an additional 2,982,621 shares during the period. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Ambev in a research report on Friday, October 18th. They set a "buy" rating for the company.

Ambev Stock Performance

ABEV stock traded down $0.16 during midday trading on Monday, hitting $1.90. 69,587,984 shares of the stock traded hands, compared to its average volume of 20,121,492. Ambev S.A. has a 1-year low of $1.88 and a 1-year high of $2.85. 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 fifty day simple moving average is $2.21 and its 200-day simple moving average is $2.23. The firm has a market cap of $29.93 billion, a P/E ratio of 10.56, a PEG ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

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