Ambev S.A. $ABEV Shares Purchased by Virtus Family Office LLC

Virtus Family Office LLC grew its stake in shares of Ambev S.A. (NYSE:ABEV) by 32.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 763,375 shares of the company’s stock after acquiring an additional 187,364 shares during the period. Ambev comprises about 1.6% of Virtus Family Office LLC’s portfolio, making the stock its 20th largest holding. Virtus Family Office LLC’s holdings in Ambev were worth $1,718,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of ABEV. Integrated Wealth Concepts LLC purchased a new position in Ambev in the 1st quarter worth about $26,000. Bensler LLC acquired a new position in Ambev in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its stake in Ambev by 2,224.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,248 shares of the company’s stock valued at $30,000 after purchasing an additional 11,721 shares during the period. Focus Partners Wealth purchased a new stake in shares of Ambev in the first quarter valued at $33,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Ambev during the third quarter valued at $34,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Trading Down 0.2%

Shares of Ambev stock traded down $0.01 during midday trading on Friday, reaching $2.91. 689,862 shares of the company’s stock traded hands, compared to its average volume of 25,103,070. Ambev S.A. has a 12 month low of $1.82 and a 12 month high of $2.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a 50 day moving average of $2.58 and a 200-day moving average of $2.39. The company has a market cap of $45.78 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 3.06 and a beta of 0.65.

Ambev Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ABEV shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a report on Monday, December 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $2.88 price target on shares of Ambev in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $2.53.

About Ambev

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.