Rep. Josh Gottheimer Sells Ambev S.A. (NYSE:ABEV) Stock

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Ambev S.A. (NYSE:ABEV). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ambev stock on December 27th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
• Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
• Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/19/2024.

Ambev Stock Up 2.5 %

Shares of ABEV opened at $1.85 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $2.07 and a two-hundred day moving average price of $2.19. The stock has a market cap of $29.07 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 5.23 and a beta of 1.05. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.75.

Ambev Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, January 9th. Investors of record on Monday, December 23rd were paid a $0.0414 dividend. The ex-dividend date was Monday, December 23rd. This represents a yield of 1.93%. Ambev’s payout ratio is currently 38.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Ambev in a research report on Saturday, January 11th. They set a “buy” rating for the company.

Institutional Investors Weigh In On Ambev

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Ambev by 26.5% in the second quarter. Bank of New York Mellon Corp now owns 947,932 shares of the company’s stock valued at $1,943,000 after buying an additional 198,462 shares in the last quarter. Choreo LLC acquired a new position in shares of Ambev in the 2nd quarter worth approximately $515,000. American Century Companies Inc. boosted its holdings in shares of Ambev by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 1,798,559 shares of the company’s stock worth $3,687,000 after acquiring an additional 104,651 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Ambev by 7.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 809,018 shares of the company’s stock worth $1,658,000 after acquiring an additional 54,659 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Ambev by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,129,849 shares of the company’s stock valued at $10,516,000 after purchasing an additional 175,485 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.