Ambev S.A. $ABEV Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in shares of Ambev S.A. (NYSE:ABEV) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 36,058,376 shares of the company’s stock after purchasing an additional 3,864,844 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.23% of Ambev worth $80,410,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of ABEV. CANADA LIFE ASSURANCE Co boosted its stake in Ambev by 74.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 13,409,316 shares of the company’s stock valued at $32,624,000 after buying an additional 5,740,155 shares in the last quarter. Marshall Wace LLP raised its position in Ambev by 192.7% in the second quarter. Marshall Wace LLP now owns 4,208,299 shares of the company’s stock worth $10,142,000 after acquiring an additional 2,770,698 shares in the last quarter. Bank of America Corp DE lifted its holdings in Ambev by 9.9% in the 2nd quarter. Bank of America Corp DE now owns 27,505,192 shares of the company’s stock valued at $66,288,000 after acquiring an additional 2,479,310 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Ambev by 12,937.7% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,385,900 shares of the company’s stock valued at $5,750,000 after purchasing an additional 2,367,600 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Ambev during the 2nd quarter valued at about $5,124,000. Institutional investors own 8.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABEV. Sanford C. Bernstein reiterated a “market perform” rating and issued a $2.88 target price on shares of Ambev in a report on Wednesday, November 26th. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a report on Monday, December 29th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $2.53.

Ambev Stock Performance

Shares of ABEV opened at $2.60 on Wednesday. The company has a 50-day moving average of $2.51 and a two-hundred day moving average of $2.35. The stock has a market cap of $40.89 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.86. Ambev S.A. has a one year low of $1.78 and a one year high of $2.63.

Ambev (NYSE:ABEV) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a net margin of 17.90% and a return on equity of 15.81%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.97 billion. On average, equities research analysts expect that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 22nd were issued a $0.049 dividend. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 1,465.0%. Ambev’s dividend payout ratio is presently 183.33%.

Ambev Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.