RWC Asset Management LLP Has $24.46 Million Stock Holdings in Ambev S.A. $ABEV

RWC Asset Management LLP trimmed its position in Ambev S.A. (NYSE:ABEV) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,968,634 shares of the company’s stock after selling 860,648 shares during the quarter. Ambev makes up 1.2% of RWC Asset Management LLP’s portfolio, making the stock its 21st biggest position. RWC Asset Management LLP owned 0.07% of Ambev worth $24,460,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Ambev by 74.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 13,409,316 shares of the company’s stock worth $32,624,000 after buying an additional 5,740,155 shares during the last quarter. Strs Ohio acquired a new position in shares of Ambev in the 1st quarter valued at $7,133,000. Marshall Wace LLP boosted its position in shares of Ambev by 192.7% in the 2nd quarter. Marshall Wace LLP now owns 4,208,299 shares of the company’s stock worth $10,142,000 after purchasing an additional 2,770,698 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Ambev by 9.9% during the second quarter. Bank of America Corp DE now owns 27,505,192 shares of the company’s stock worth $66,288,000 after purchasing an additional 2,479,310 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Ambev by 12,937.7% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,385,900 shares of the company’s stock valued at $5,750,000 after buying an additional 2,367,600 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a research note on Monday, December 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $2.88 target price on shares of Ambev in a research note on Wednesday, November 26th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ambev presently has a consensus rating of “Reduce” and a consensus target price of $2.53.

Ambev Stock Performance

Shares of ABEV stock opened at $2.57 on Tuesday. Ambev S.A. has a 12 month low of $1.77 and a 12 month high of $2.63. The company’s fifty day simple moving average is $2.49 and its 200-day simple moving average is $2.35. The firm has a market cap of $40.42 billion, a PE ratio of 14.25, a P/E/G ratio of 2.70 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Ambev had a net margin of 17.90% and a return on equity of 15.81%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.97 billion. Equities research analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Announces Dividend

The company also recently announced a special dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 22nd were paid a $0.049 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 1,465.0%. Ambev’s dividend payout ratio (DPR) is currently 183.33%.

About Ambev

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.