Ambev S.A. $ABEV Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in shares of Ambev S.A. (NYSE:ABEV) by 172.9% in the second quarter, HoldingsChannel.com reports. The fund owned 162,769 shares of the company’s stock after purchasing an additional 103,128 shares during the period. QRG Capital Management Inc.’s holdings in Ambev were worth $392,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC acquired a new position in Ambev during the second quarter worth $25,000. GAMMA Investing LLC boosted its holdings in Ambev by 468.4% in the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock worth $26,000 after buying an additional 9,063 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Ambev in the 1st quarter worth about $26,000. Perigon Wealth Management LLC acquired a new stake in Ambev in the 1st quarter worth about $27,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in Ambev in the 1st quarter worth about $28,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Trading Down 1.4%

Shares of ABEV opened at $2.12 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.63. The firm has a 50-day moving average price of $2.23 and a 200 day moving average price of $2.35. The firm has a market capitalization of $33.41 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.16 and a beta of 0.85.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $21.84 billion. Sell-side analysts forecast that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be issued a $0.023 dividend. This is an increase from Ambev’s previous — dividend of $0.02. This represents a dividend yield of 660.0%. The ex-dividend date of this dividend is Monday, August 11th. Ambev’s payout ratio is currently 31.25%.

Analyst Ratings Changes

Several research firms recently issued reports on ABEV. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a report on Wednesday. HSBC reiterated a “hold” rating on shares of Ambev in a report on Friday, August 1st. Zacks Research raised shares of Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Hsbc Global Res raised shares of Ambev to a “hold” rating in a report on Friday, August 1st. Finally, UBS Group dropped their target price on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $2.35.

Ambev Profile

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.