Ambev S.A. (NYSE:ABEV) Stock Holdings Lowered by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC trimmed its position in shares of Ambev S.A. (NYSE:ABEV) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,222,125 shares of the company’s stock after selling 59,721 shares during the period. Ambev accounts for approximately 1.3% of Euro Pacific Asset Management LLC’s holdings, making the stock its 28th biggest position. Euro Pacific Asset Management LLC’s holdings in Ambev were worth $5,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABEV. State Street Corp grew its position in Ambev by 9.2% in the 3rd quarter. State Street Corp now owns 10,425,374 shares of the company’s stock valued at $25,438,000 after buying an additional 878,900 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Ambev by 132.9% in the third quarter. Jane Street Group LLC now owns 1,976,147 shares of the company’s stock valued at $4,822,000 after acquiring an additional 1,127,719 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Ambev by 18.3% in the third quarter. HighTower Advisors LLC now owns 54,013 shares of the company’s stock valued at $129,000 after acquiring an additional 8,350 shares in the last quarter. Stifel Financial Corp raised its holdings in Ambev by 298.1% during the third quarter. Stifel Financial Corp now owns 802,016 shares of the company’s stock worth $1,957,000 after purchasing an additional 600,545 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Ambev by 32.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 1,067,893 shares of the company’s stock worth $2,606,000 after purchasing an additional 258,875 shares during the period. Institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a report on Wednesday. StockNews.com initiated coverage on shares of Ambev in a report on Sunday, January 19th. They issued a “buy” rating for the company. Finally, Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.45.

Ambev Stock Down 1.4 %

Shares of Ambev stock opened at $1.80 on Friday. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.72. The firm has a market capitalization of $28.28 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 5.44 and a beta of 1.05. 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 stock’s fifty day moving average is $2.02 and its 200-day moving average is $2.18.

Ambev Cuts Dividend

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

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.