Sequoia Financial Advisors LLC Purchases 84,813 Shares of Ambev S.A. $ABEV

Sequoia Financial Advisors LLC lifted its position in shares of Ambev S.A. (NYSE:ABEV) by 85.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,384 shares of the company’s stock after purchasing an additional 84,813 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Ambev were worth $444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in Ambev by 23.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 113,292 shares of the company’s stock valued at $273,000 after acquiring an additional 21,791 shares in the last quarter. Blue Trust Inc. lifted its position in Ambev by 18.5% in the 2nd quarter. Blue Trust Inc. now owns 171,624 shares of the company’s stock valued at $414,000 after acquiring an additional 26,793 shares in the last quarter. IFP Advisors Inc lifted its position in Ambev by 7.5% in the 2nd quarter. IFP Advisors Inc now owns 118,102 shares of the company’s stock valued at $285,000 after acquiring an additional 8,284 shares in the last quarter. Callan Family Office LLC lifted its position in Ambev by 152.8% in the 2nd quarter. Callan Family Office LLC now owns 216,501 shares of the company’s stock valued at $522,000 after acquiring an additional 130,867 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. lifted its position in Ambev by 5.3% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 724,436 shares of the company’s stock valued at $1,746,000 after acquiring an additional 36,765 shares in the last quarter. 8.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ABEV. Hsbc Global Res raised shares of Ambev to a “hold” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a research report on Wednesday, October 8th. HSBC reaffirmed a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Zacks Research raised shares of Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, UBS Group cut their price target on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Eight research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.35.

Ambev Trading Up 0.7%

Shares of NYSE:ABEV opened at $2.27 on Tuesday. The company’s 50-day moving average price is $2.23 and its two-hundred day moving average price is $2.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.80. Ambev S.A. has a one year low of $1.76 and a one year high of $2.63. The stock has a market capitalization of $35.69 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.26 and a beta of 0.85.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $21.84 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. On average, equities analysts forecast that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th were paid a dividend of $0.023 per share. The ex-dividend date was Monday, August 11th. This represents a dividend yield of 660.0%. This is a boost from Ambev’s previous — dividend of $0.02. Ambev’s dividend payout ratio (DPR) is presently 31.25%.

Ambev Company 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.