Unison Advisors LLC Purchases 6,500 Shares of Ambev S.A. $ABEV

Unison Advisors LLC grew its position in shares of Ambev S.A. (NYSE:ABEV) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 304,963 shares of the company’s stock after acquiring an additional 6,500 shares during the period. Unison Advisors LLC’s holdings in Ambev were worth $742,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Northern Trust Corp increased its position in shares of Ambev by 17.8% during the 1st quarter. Northern Trust Corp now owns 7,757,412 shares of the company’s stock valued at $18,075,000 after purchasing an additional 1,170,397 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Ambev during the 1st quarter worth approximately $925,000. Wealth Enhancement Advisory Services LLC grew its position in Ambev by 14.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 339,069 shares of the company’s stock worth $790,000 after acquiring an additional 42,722 shares during the last quarter. American Century Companies Inc. grew its position in Ambev by 10.0% during the 1st quarter. American Century Companies Inc. now owns 2,455,125 shares of the company’s stock worth $5,720,000 after acquiring an additional 222,768 shares during the last quarter. Finally, Invesco Ltd. grew its position in Ambev by 98.6% during the 1st quarter. Invesco Ltd. now owns 3,803,683 shares of the company’s stock worth $8,863,000 after acquiring an additional 1,887,987 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ambev Price Performance

Shares of ABEV stock opened at $2.26 on Monday. The firm has a market cap of $35.61 billion, a P/E ratio of 14.13, a P/E/G ratio of 2.26 and a beta of 0.85. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.63. The business’s 50 day moving average price is $2.23 and its 200-day moving average price is $2.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11.

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

Ambev Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th were given a $0.023 dividend. The ex-dividend date was Monday, August 11th. This represents a dividend yield of 660.0%. This is an increase from Ambev’s previous — dividend of $0.02. Ambev’s dividend payout ratio is 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.