Ambev S.A. (ABEV) Stake Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in Ambev S.A. (NYSE:ABEV) by 49.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 39,709 shares of the company’s stock after buying an additional 13,087 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ambev were worth $229,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of Ambev during the fourth quarter valued at about $8,274,000. Wedbush Securities Inc. raised its stake in shares of Ambev by 2.2% in the first quarter. Wedbush Securities Inc. now owns 17,365 shares of the company’s stock valued at $100,000 after buying an additional 369 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Ambev by 20.5% in the first quarter. First Mercantile Trust Co. now owns 107,463 shares of the company’s stock valued at $619,000 after buying an additional 18,262 shares during the last quarter. US Bancorp DE raised its stake in shares of Ambev by 16.2% in the first quarter. US Bancorp DE now owns 423,319 shares of the company’s stock valued at $2,439,000 after buying an additional 58,955 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Ambev by 11.7% in the first quarter. Eqis Capital Management Inc. now owns 90,780 shares of the company’s stock valued at $523,000 after buying an additional 9,491 shares during the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

Ambev S.A. (NYSE ABEV) opened at 5.44 on Friday. The stock has a market capitalization of $85.42 billion, a price-to-earnings ratio of 24.07 and a beta of 0.62. The company has a 50-day moving average of $5.76 and a 200-day moving average of $5.50. Ambev S.A. has a 1-year low of $4.70 and a 1-year high of $6.39.

The company also recently disclosed 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 of this dividend is Monday, June 26th. This is a boost from Ambev’s previous special dividend of $0.03.

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Several equities research analysts have recently issued reports on ABEV shares. Zacks Investment Research upgraded shares of Ambev from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Citigroup Inc. lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ambev presently has a consensus 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.

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