Stifel Financial Corp Increases Holdings in Ambev S.A. (NYSE:ABEV)

Stifel Financial Corp increased its position in Ambev S.A. (NYSE:ABEV) by 298.1% during the 3rd quarter, Holdings Channel reports. The firm owned 802,016 shares of the company’s stock after acquiring an additional 600,545 shares during the quarter. Stifel Financial Corp’s holdings in Ambev were worth $1,957,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of Ambev by 311.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 768,419 shares of the company’s stock worth $1,575,000 after buying an additional 581,880 shares in the last quarter. Raymond James & Associates increased its position in Ambev by 154.0% during 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 period. Bank of New York Mellon Corp raised its holdings in shares of Ambev by 26.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 947,932 shares of the company’s stock valued at $1,943,000 after purchasing an additional 198,462 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Ambev by 323.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock worth $20,322,000 after purchasing an additional 7,570,842 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in shares of Ambev by 49.3% during the second quarter. Atomi Financial Group Inc. now owns 46,272 shares of the company’s stock valued at $95,000 after purchasing an additional 15,271 shares in the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Ambev in a report on Friday, October 18th. They issued a “buy” rating on the stock.

Ambev Price Performance

NYSE ABEV opened at $2.03 on Friday. The firm’s fifty day simple moving average is $2.22 and its two-hundred day simple moving average is $2.23. The firm has a market capitalization of $31.98 billion, a P/E ratio of 11.28, a P/E/G ratio of 6.67 and a beta of 1.05. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12-month low of $2.01 and a 12-month high of $2.97.

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 dividend of $0.0414 per share. The ex-dividend date is Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio (DPR) is currently 66.67%.

About Ambev

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.