Barclays PLC Grows Stake in Ambev S.A. (NYSE:ABEV)

Barclays PLC lifted its stake in shares of Ambev S.A. (NYSE:ABEV) by 76.9% in the third quarter, Holdings Channel reports. The firm owned 52,625 shares of the company’s stock after buying an additional 22,880 shares during the period. Barclays PLC’s holdings in Ambev were worth $128,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ABEV. Renaissance Technologies LLC grew its stake in Ambev by 27.7% during the 2nd quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock valued at $69,973,000 after acquiring an additional 7,412,395 shares in the last quarter. Marshall Wace LLP grew its stake in Ambev by 324.8% during the 2nd quarter. Marshall Wace LLP now owns 8,324,037 shares of the company’s stock valued at $17,064,000 after acquiring an additional 6,364,592 shares in the last quarter. Kiltearn Partners LLP boosted its holdings in Ambev by 43.3% in the 2nd quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock valued at $29,881,000 after purchasing an additional 4,407,800 shares during the last quarter. Sagil Capital LLP acquired a new position in Ambev in the 2nd quarter valued at about $8,762,000. Finally, Private Management Group Inc. boosted its holdings in Ambev by 43.8% in the 3rd quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock valued at $32,765,000 after purchasing an additional 4,087,442 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

NYSE:ABEV opened at $1.85 on Thursday. 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 firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 6.67 and a beta of 1.05. The company’s 50-day moving average is $2.10 and its two-hundred day moving average is $2.20. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.82.

Ambev Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be issued a $0.0414 dividend. The ex-dividend date is Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio is currently 38.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Ambev in a report on Thursday, January 2nd. They issued a “buy” rating on the stock.

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.