Ambev S.A. (ABEV) Shares Bought by USA Mutuals Advisors Inc.

USA Mutuals Advisors Inc. raised its position in Ambev S.A. (NYSE:ABEV) by 3.5% during the first quarter, Holdings Channel reports. The fund owned 388,200 shares of the company’s stock after buying an additional 13,200 shares during the period. Ambev accounts for approximately 1.3% of USA Mutuals Advisors Inc.’s holdings, making the stock its 24th largest position. USA Mutuals Advisors Inc.’s holdings in Ambev were worth $2,236,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI raised its position in shares of Ambev by 23.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 83,826 shares of the company’s stock worth $412,000 after buying an additional 15,842 shares during the last quarter. Comerica Bank raised its position in shares of Ambev by 14.9% in the fourth quarter. Comerica Bank now owns 916,405 shares of the company’s stock worth $4,866,000 after buying an additional 118,809 shares during the last quarter. TCW Group Inc. purchased a new position in shares of Ambev during the fourth quarter worth $973,000. Asset Management One Co. Ltd. raised its position in shares of Ambev by 997.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,370,944 shares of the company’s stock worth $6,732,000 after buying an additional 1,246,045 shares during the last quarter. Finally, Allianz Asset Management AG raised its position in shares of Ambev by 165.9% in the fourth quarter. Allianz Asset Management AG now owns 6,101,601 shares of the company’s stock worth $29,959,000 after buying an additional 3,806,592 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

Ambev S.A. (NYSE ABEV) traded down 0.37% during midday trading on Tuesday, reaching $5.38. The company had a trading volume of 67,945,069 shares. Ambev S.A. has a 12-month low of $4.70 and a 12-month high of $6.39. The company has a 50-day moving average of $5.77 and a 200-day moving average of $5.50. The stock has a market capitalization of $84.48 billion, a PE ratio of 23.81 and a beta of 0.62.

The firm also recently declared a special dividend, which will be paid on Monday, July 24th. Stockholders of record on Wednesday, June 28th will be paid a $0.0493 dividend. The ex-dividend date is Monday, June 26th. This is a boost from Ambev’s previous special dividend of $0.03.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Ambev from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Citigroup Inc. lowered Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.21.

Ambev Company Profile

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ABEV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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