Sendero Wealth Management LLC Buys Shares of 21,540 Ambev S.A. (NYSE:ABEV)

Sendero Wealth Management LLC bought a new position in Ambev S.A. (NYSE:ABEV) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 21,540 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in shares of Ambev by 26.5% during 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 during the last quarter. American Century Companies Inc. boosted its holdings in shares of Ambev by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 1,798,559 shares of the company’s stock valued at $3,687,000 after acquiring an additional 104,651 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Ambev by 7.2% in the second 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 period. Envestnet Asset Management Inc. raised its holdings in shares of Ambev by 3.5% during the second 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 during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Ambev by 40.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 155,975 shares of the company’s stock valued at $318,000 after purchasing an additional 44,645 shares during the period. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Up 2.5 %

ABEV stock opened at $1.85 on Thursday. The company has a market cap of $29.07 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 6.67 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The business’s 50-day moving average is $2.07 and its two-hundred day moving average is $2.19. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.75.

Ambev Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were paid a $0.0414 dividend. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

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

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.