Sequoia Financial Advisors LLC Has $444,000 Stock Holdings in Ambev S.A. $ABEV

Sequoia Financial Advisors LLC lifted its position in shares of Ambev S.A. (NYSE:ABEV) by 85.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,384 shares of the company’s stock after purchasing an additional 84,813 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ambev were worth $444,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its stake in shares of Ambev by 23.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 113,292 shares of the company’s stock worth $273,000 after purchasing an additional 21,791 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 26,793 shares during the last quarter. IFP Advisors Inc grew its stake 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 buying an additional 8,284 shares during the last quarter. Callan Family Office LLC grew its stake 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 buying an additional 130,867 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its stake 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 buying an additional 36,765 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Stock Performance

NYSE ABEV opened at $2.27 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $35.69 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.26 and a beta of 0.85. 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 two-hundred day moving average price of $2.34.

Ambev (NYSE:ABEV) last posted 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. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $21.84 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. Analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

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

Wall Street Analyst Weigh In

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